Executive Council Statement
Investor Protection and Corporate Accountability
… jobs. With each passing year, fewer workers have pensions or adequate health care while executive compensation continues to explode, as documented on the AFL-CIO’s Executive PayWatch website. In the past year, we have seen scandalous examples of … tens of millions of dollars in bonuses and ordering $15,000 bottles of wine—an amount larger than a year’s worth of work at the minimum wage. At Pfizer and Home Depot, failed executives left with exit packages exceeding $200 million each. … consultants, the election of company directors (requiring a majority vote) and, for the first time this year, the right of long-term investors to nominate their own directors to corporate boards. The AFL-CIO and our affiliates have worked …