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Last Update: April 24, 2004
PayWatch Cites Derelict Directors
On tax day, April 15, the AFL-CIO’s Executive PayWatch website began profiling derelict corporate directors who gave CEOs huge pay packages regardless of their performance. Today, the average corporate CEO’s pay package is 301 times bigger than the average worker’s paycheck. The website (www.aflcio.org/paywatch), which also tracks trends in CEO compensation, urges stockholders to vote “no” on the election of derelict directors and to demand companies be required to expense CEO stock options in their financial reporting.
 
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