CEO Pay

UFE Board President, Prakash Laufer, comments on Washington's policy response to the Great Recession, announcements of big banks' booming profits and bulging bonuses, and the continued economic challenges facing communities of color.

UFE Board member and co-author of State of the Dream 2010: Drained, shares his views on the recent megabank bonuses in light of the persisting unemployment and foreclosure crises in this op-ed in Common Dreams.

Responsible Wealth Project Director Mike Lapham lays out the three essential pieces to effective financial reform: regulating executive compensation, separating financial “casino” activities from regular banking, and creating a consumer financial protection agency.

Former UFE board member Holly Sklar writes, "The Great Depression gave way to the New Deal. The Great Recession has become the Great Ripoff." She explains our misguided bank rescue plan and why we should crack a whip on Wall Street.

Authors of the Institute for Policy Studies report, Executive Excess 2009: America's Bailout Barons, call out pay czar Ken Feinberg for not acting boldly enough to rein in executive pay. Representatives from IPS and Responsible Wealth are available for interview on this breaking news in executive pay regulations.

"[T]he issue of income disparity threatens our democracy -- and it cannot be defended. And, if you are reading this and are a person of wealth and assume this isn't about you, it most assuredly is about you, because in the end this is about all of us." George Mitrovich cites Executive Excess 2008 in this riveting opinion piece on the state of our economy.

Billionaires Against Regulating Finance (BARF) protest Jobs with Justice March Against a Jobless Recovery in Boston’s Financial District.

EXECUTIVE COMPENSATION ADVISORY VOTE

RESOLVED, that stockholders of FedEx Corporation request the board of directors to adopt a policy that provides stockholders the opportunity at each annual stockholder meeting to vote on an advisory resolution, proposed by management, to ratify the compensation of the named executive officers (“NEOs”) set forth in the proxy statement’s Summary Compensation Table (the “SCT”) and the accompanying narrative disclosure of material factors provided to understand the SCT (but not the Compensation Discussion and Analysis).  The propo September 11, 2009

Protests and shareholder activism are only a small part of the solution to corral executive pay excesses and to reduce inequality.

Responsible Wealth Project Director, Mike Lapham, says that redefinition of how corporate boards are composed is key to reining in CEO pay.