Yesterday IBM laid off American workers but kept Indian workers, SM

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Commentary: Larger-Than-Life Corporate Salaries are Unfair to Average American Workers

Despite slower-than-anticipated growth and lower-than-expected profits, many corporations have generously rewarded their leaders, while simultaneously reducing lower-level staff salaries and benefits in an attempt to control costs. This disturbing practice only serves to further widen the gap between America�s wealthy few and its working class and clearly demonstrates just how little this country values its workforce.

At a time when most American workers are struggling to make basic ends meet and worrying how they�ll manage to save enough for retirement, many of this country�s corporate chief executives are stuffing their pockets with larger-than-life compensation packages that include high base salaries, stock options and ample pension plans. In 2004, the average chief executive�s salary at a large company was more than 170 times that of the average worker�s pay. Last year, executive salaries grew 25 percent, while that of the average American worker grew only 3.1 percent.

Even when a company struggles, their CEOs are still rewarded. For example, the current CEO of a global manufacturing firm received over $11 million in compensation last year, despite the company�s $3.4 billion revenue loss, an 11-percent drop in stock value and a staff reduction of 17,000 workers. There are similar stories at corporations across the country. While worker pensions are frozen and many are asked to do without raises, CEOs manage to earn their multi-million dollar bonuses.

It�s no surprise that CEOs are cleaning up. Consider this: Corporations often use compensation committees to set their executive salaries. Many of these committees use outside consultants to help guide the process. These consultants are often already contracted to do other work for the company. The conflict of interest here is obvious: The consultant won�t upset the CEO -- and risk losing other contracts -- by setting a more realistic, performance based pay model.

Many corporate CEOs are, in short, getting over, and it is a slap in the face of every American worker. While it is understood that executive salaries would greatly exceed that of the average worker�s, there is no logical argument to explain why the growth rate between the two is so dramatically different. To protect its workforce, corporate America must ensure worker�s salaries grow at rates that keep pace with the cost of living, while slowing the rate of growth of CEO salaries. Corporate boards must stop rewarding CEOs with multi-million dollar bonuses. It is unacceptable for a company to lay off thousands of workers and then turn around and pay an executive for a job well done.

As a country, we often ask our government to think about the needs of the average American, and rightly so. However, if America is to truly prosper, the corporations that feed our local economy must also consider and respect the well-being of average worker.

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Judge Greg Mathis is national vice president of Rainbow PUSH and a national board member of the Southern Christian Leadership Conference.

God bless those people who came all the way down there, slept in their trucks in stifiling weather (because the media and gawking politicians hogged all the hotels that were left) and helped string line and get our power back on. They are heros, as well as all those who donated time and goods.

On the other hand, SHAME on the people from Indiana who printed up a bunch of Katrina T-shirts and had the nerve to come down there to sell them! Those who survived Katrina need no darn T-shirt proclaiming they did!

How does your husband feel about voting out in the open; no more secret ballots? That's quite audacious!

good things to come. As Bank of America acquires Merrill-Lynch (whose CEO has the utter gall to request a $10 million bonus pay-out after the ML sell-out) they are refusing credit to Republic Windows and Doors out of Chicago after receiving $15 billion in TARP funds. The workers are fighting back to recover the pay and benefits they have already earned and their governor is backing them up. Now that's what I'm talkin' about !

I paid well above minimum wage...I guess reading my post it looks like I paid minimum. That was my mistake.

Going way down the page you will find the median pay for medical transcriptionists is approximately $15.02 per hour. This being the case, if you are one of those fortunate enough to be making $20 or more per hour, I assume you will be recommending a pay cut for yourself and all others who are making more than the median in order to bring pay more in line with other workers. Translated that means leaving more in the coffers for the big CEOs. I don't know whether some of you are BDD or what.

Healthcare workers fail to take the time with patients to discuss disease prevention and health promotion.

WASHINGTON (AP) -- As it prepares to leave office, the Bush administration is moving to make it easier for U.S. farming companies to hire foreign field workers, which farmworker groups say will worsen wages and working conditions.

Farm groups said that changes to the H2A visa program, used by the agriculture industry to hire temporary farm workers, were posted on the Labor Department's Web site at midnight Tuesday but have since been taken down.

Labor Department spokesman Terry Shawn said whatever was posted wasn't the final version of the new rule, which Shawn said would be released Thursday and published in the Federal Register on Dec. 18.

The Bush administration published a proposed version of the new rule last Feb. 13 and received nearly 12,000 public comments, Shawn added. The next version will be a final rule and can take effect 30 days after publication. Some of its provisions would take effect in mid-January and others later in the year, the farmworker groups said.

Farm worker advocates and the United Farm Workers union said the version that appeared on the Web site would lead to a flood of cheaper workers.

"The government has decided to offer agriculture employers really low wages, low benefits, no government oversight to bring in foreign workers on restricted visas and thereby convince them they should do this instead of hiring undocumented workers," said Bruce Goldstein, executive director of Farmworker Justice, a group that advocates for farmworkers.

The changes in the posted version would drop a requirement that an employer get the Labor Department to certify it faces a worker shortage before it can get visas for foreign workers; instead, employers would be allowed to simply attest in writing to a shortage. That version of the new rule also would change the method for calculating wage minimums for workers and relieve employers of a requirement to recruit in states or communities where other employers already are hiring farm workers, Goldstein said.

But Assistant Labor Secretary Leon Sequeira said Wednesday evening the agency is not dropping the obligation to obtain certification, which is required by law.

Paul Schlegel, American Farm Bureau public policy director, said many of the changes will make the program a little less burdensome for employers. He said existing laws prevent employers from hiring foreign workers if the jobs can be filled by U.S. workers.

"My members want to make sure they have a legal supply of labor," said Schlegel, who added that he had not reviewed all the proposed changes.

The rule changes are a part of a pattern of last-minute regulatory changes being rushed into effect by the Bush administration before President-elect Barack Obama's Jan. 20 inauguration.

The effect is to make it harder for Obama to change course on some policies favored by Republicans and the business community.

"We are hopeful that the Obama administration would recognize the utter mistake and unfairness of this proposal," Goldstein said. Congress has a procedure for reversing the rules, he said.

Many of the last-minute changes by the Bush administration have come in the area of public lands and the environment, including easing regulations on mining waste and allowing handguns in national parks. Another pending rule would grant greater leeway to railroads to transport hazardous materials through densely populated areas.