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See we go again big like about going after a CEO pay -- Fox Business -- bonds have.
Well Stewart the AFL CIO is pushing hard to push CEO compensation.
Down in its latest annual executive pay watch report the union said average CEO pay.
Among S&P 500 companies rose about 14% and 2011 to about thirteen million dollars which it called egregious it said that is 380 times the average wage for a worker last year of 34000 dollars -- -- some CEOs earn their high pay but -- do not because a board room back scratching.
The union thinks by the way that that shareholder vote at Citigroup this week opposing the fifteen million dollar pay package for its CEO while a non binding vote.
Was a bell ringer for corporate America that shows investors are starting to pay attention to high executive pay.
Now the information a little easier they'll pay more attention to it and hopefully it'll start to have.
A real effect and it dampening effect and making the CEO instead of the -- personal one.
Part of a management team where everybody is sort of in the same ballpark when it comes to salary.
And the union plans to use this data in the election year debate about income inequality Stewart a thank you -- up.
So what do actual union members think of the executive pay watch campaign.
UAW member yeah.
Calls it a double standard not -- while big labor bosses -- but what they are doing with his dues by Terry welcome to the program.
Why do you oppose what you're a -- doing they would own union is doing spell it out.
Well Stewart quite frankly it it really is a double standard there's a couple thoughts here that first of all obviously they're using this for class warfare class envy in order to help Obama get elected -- in 2012 in November.
They're gonna use it dies sooner or later against Mitt Romney as well and it just doesn't fly with their fellow union workers when they look at this kind of a situation.
But as you said it is a big double standard because union officials themselves are part of the 1%.
That day so much say that is wrong with what American society is all of.
Well but don't know what do you think -- but does Richard Trumka have a point out reported that -- bonds made the point that executive pay is now about 380.
Times the average of what union members -- is on the ground -- what they make.
That is a very big gap.
It does the union -- pointed.
When -- happily write it.
So it is a very big gap however it.
There's a couple things a look at here number one.
It's almost as if the union officials are looking at this and obviously.
But number two -- -- taking.
Free market economics and private.
Contracts between a corporation and an individual and try to base something not those private contracts as a UAW member and as a worker as myself.
What -- like here -- -- business.
Enters into any private contract with any other individual -- corporation.
It has no bearing on me as a union member or as a regular worker so it's disingenuous and it's it's really up.
Point that they're making in order to try to get Obama elected in 2012 why all you in a union.
Well up first of all I am very proud it to be a union member.
Because I believe in unions but in the context of what they were originally created to do and that's to represent their employees in the realms of the workplace.
What they have become however is nothing but socioeconomic.
Groups trying to push a bizarre world view and my point.
And a clause -- political party that's only trying to get one party elected.
You know they've injected millions of dollars into the old occupied movement.
And are calling it now the 99% spree which really should be called the 5% spring because that's about.
The percentage of Americans who really agree with the political agenda of this group yesterday I was.
Proud to speak in a rally called the 100%.
-- up rally which you're gonna see these pop up all over the United States.
In response to the 99% spring.
But in this 100% fed up rally it's talking about free trade economics and really what is a reality that I'll guarantee that that is the other side of the union commentary about the facts are bringing to us we appreciate you being here thank you so thank you --
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