WASHINGTON - The AFL-CIO, pushing for more federal regulation of lucrative corporate salaries and pensions, released information Thursday about some of the sweetest executive retirement deals in the country.
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"As corporate America is slashing workers' pensions left and right, we think investors and the public should know about the huge pensions these CEOs are raking in," said Richard Trumka, secretary-treasurer of the AFL-CIO.
The labor federation, which represents more than 9 million workers, posted updated information about executive salaries and pensions on its Web site.
Trumka said average executive pay at a company on the Standard & Poor's 500 is already more than 400 times the average worker's wages. And many executives now get multimillion-dollar "supplemental executive retirement plans" at a time that many companies are cutting back on reliable "defined benefit" retirement plans for workers, he said.
http://news.yahoo.com/s/ap/20060406/ap_on_bi_ge/afl_cio_pensionsFor some reason I can't open this website ~>...
http://www.paywatch.org Wondering minds want to know. :banghead:
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