AFL-CIO boss Richard Trumka has been out there attacking CEO’s for their pay, saying things like “It’s bad for the morale of working families.” Maybe to show solidarity with the workers, he should take a cut in pay, seeing that he earns 8 times as much as the average worker. I mean, doesn’t his pay come directly out of the paychecks of the workers he represents? What better way to improve their morale than to give back a little bit of their earnings every week? It’s not like he does anything to increase productivity, profit or job creation.
The Washington Free Beacon has the full story.
Trying to stir union members into protesting the disparity between the wages of CEO’s and the worker’s they manage, Trumka’s email said, “Runaway CEO pay isn’t just bad for our economy, it’s bad for the morale of working families, too. All workers, from the executive suite down to the shop floor, contribute to making a company successful. But these corporations are buying into the myth that the success of a corporation is the result of its CEO alone.”
As President of the union, Trumka makes over eight times as much as the average American worker.
According to the Center for Union Facts, Trumka brought home a gross salary of $264,827 in 2010, plus another $18,513 in additional compensation, to represent his union. The union leader has earned well over $200,000 every year since he was promoted to Secretary Treasurer in 2003.
In 2011, Trumka earned $293,750. (Read More)
Good work, if you can get it. Why, if he just gets a few more raises, Richard Trumka will join the ranks of the 1%.