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More Perfect Union

14 Apr, 10 tweets, 4 min read

An Employee of the Month at a Missouri hospital got a $6 coupon after surviving COVID. The CEO of the firm that owns the hospital got $30 million.

CEO pay is out of control and it’s hurting workers. 🧵
nbcnews.com/business/corpo…

@WSJ

The COVID pandemic hit many working people hard. But, one group did better than ever.

CEOs of more than 300 of the biggest U.S. public companies saw their earnings increase to $13.7 million per year according to @WSJ.
wsj.com/articles/covid…

CEOs are making more than the typical worker in the same company.

-In 1965: CEOs made 21x their median employee
-In 1989: CEOs made 61x their median employee
-In 2019: CEOs made 320x their median employee

The explosion in CEO pay is not matched by rising worker wages.

Since 1978, pay for the typical worker grew by just 13.7%.

Since 1978, CEO pay grew by 1,167%.

@WSJ

The explosion in CEO pay has nothing to do with CEOs being good at their jobs.

Norwegian Cruise Line Holdings lost $4 billion last year, CEO Frank Del Rio’s pay doubled to $36.4 million, the @WSJ reported.

CEO pay is growing faster than the economy. wsj.com/articles/covid…

At 45 major U.S. companies, the CEO took home 1,000 times—or more—what a median worker earned in 2019 and 2020.

If a median worker earned $35,000, that means the CEO earned at least $35,000,000.
cbsnews.com/news/ceo-compe…

A survey conducted by Stanford in 2019 found 86% of Americans believed the CEOs of large, public companies are overpaid—including 81% of Republicans and 92% of Democrats.
nbcnews.com/business/corpo…

CEO pay is rising because they have power, not skills.

"CEOs are getting more because of their power to set pay—and because so much of their pay is stock-related, not because they are increasing productivity or possess specific, high-demand skills." epi.org/publication/ce…

CEOs are pocketing a significant percentage of recent corporate tax breaks.

"The reductions in the corporate income tax over the past two decades will reward America’s corporate royalty with hundreds of billions of dollars between now and 2030." theintercept.com/2021/03/30/cor…

Now, some Democrats want to rein in excessive CEO pay, so workers can earn more.

The Tax Excessive CEO Pay Act would penalize companies that pay CEOs or other highest paid employees 50 times more than the median pay for workers.
cbsnews.com/news/ceo-compe…

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More from @MorePerfectUS

More Perfect Union

@MorePerfectUS

14 Apr

NEWS: This past week, local NBC and ABC affiliates have aired fake "interview" segments that look like news, but are actually corporate propaganda paid for by America's largest business lobby, the U.S. Chamber of Commerce.

We couldn't believe our eyes. So we went digging.

@USChamber

The segments all feature the @USChamber CEO attacking the PRO Act, a bill that would make it easier for American workers to form unions.

If passed, the PRO Act will be the first major U.S. law expanding worker power since 1935.

The U.S. Chamber is fighting it tooth and nail.

@kgun9

One of the networks that aired a segment was Arizona ABC affiliate @kgun9 "On Your Side.”

The only way a viewer would know the segment was paid lobbyist propaganda was a chyron that flashed on the screen for a total of 4 seconds.

Read 9 tweets

More Perfect Union

@MorePerfectUS

14 Apr

One of the most pivotal decisions of Joe Biden's presidency is approaching.

On May 5, he must choose between protecting the profits of Big Pharma, or ending the pandemic worldwide by allowing lower-income nations to manufacture COVID vaccines.

Rapidly ending the pandemic worldwide is in Americans' best interests. But that isn't happening.

Only .1% of vaccine doses have been administered in low-income countries.

The longer it takes, the more likely the virus mutates into a vaccine-resistant strain.

Countries like India and South Africa *could* produce their own vaccines right now, but that's illegal because drugmakers like Moderna control the patents.

Nevermind that Moderna's vaccine was developed thanks to billions in U.S. taxpayer funds.
citizen.org/news/statement…

Read 8 tweets

More Perfect Union

@MorePerfectUS

9 Apr

BREAKING: More Perfect Union has obtained new details about Amazon’s illegal actions to defeat the union.

The violations make it overwhelmingly likely that the NLRB will overturn the results and give workers a second election.

Details in the video and thread below.

We've learned that at least 20% of the election votes are believed to have come from the illegal ballot dropbox that Amazon installed at its warehouse.

These ballots arrived at the NLRB in large batches on February 12 and 17, according to sources with knowledge of the election.

As a result, a substantial portion of the total election votes are linked to Amazon’s unlawful actions that the National Labor Relations Board specifically directed the company not to take.

Read 7 tweets

More Perfect Union

@MorePerfectUS

8 Apr

BREAKING: More Perfect Union has obtained emails showing that Amazon privately pressured USPS to install an illegal ballot dropbox during the union election in Bessemer, AL.

The emails directly contradict public statements by USPS about the box's origins.

There's more.

@RWDSU

The emails were obtained through a FOIA request by @RWDSU.

Many of the exchanges have been almost entirely redacted & any mentions of Amazon officials has been removed.

But here are some key findings that we have been able to glean from the FOIA.

First, we learn that beginning Jan 8—one month before the union vote begins—Amazon repeatedly calls USPS’s “strategic account manager” to say they want to install their own box.

USPS team deliberates Amazon's request and says a “private box may not be utilized.”

Read 10 tweets

More Perfect Union

@MorePerfectUS

7 Apr

The Citizens United decision let corporations and billionaires spend unlimited money on elections—without disclosing it.

The #ForThePeopleAct gives us a chance to break their hold over our government.

@JasonKander

“Raising money becomes the full-time job of just about everybody who runs for office. You become like a full-time telemarketer fundraiser.”

@JasonKander explains how For The People Act would give people from working class backgrounds a chance to run for office.

"When I served in Afghanistan, my job was to do anti-corruption and anti-espionage investigations. And then I came home and I got elected to the state legislature, and I was so disappointed to find out how many similarities there actually were."

Read 7 tweets

More Perfect Union

@MorePerfectUS

7 Apr

UPDATE: The public portion of the Amazon union vote could begin today.

Win or lose, one thing is clear: Amazon ran an unrelenting union-busting campaign. Just as it has done elsewhere.

The NLRB found Amazon has illegally retaliated against dozens of workers for speaking out.

@NLRB

Since the pandemic began, 37 workers across 20 cities have filed complaints with the @NLRB accusing Amazon of interfering with their rights as workers.

"That’s a more than 3x increase since 2019 and 6x increase since 2018."
nbcnews.com/business/busin…

The NLRB has already ruled in favor of many Amazon workers who say they were punished for speaking out against unsafe conditions.

Amazon illegally fired two tech workers at HQ for setting up an event with warehouse workers to share their concerns.
nytimes.com/2021/04/05/tec…

Read 9 tweets

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