Friends of GEO

No CEO Should Earn 1,000 Times More Than A Regular Employee

It's Our Economy - March 20, 2018 - 10:00am
The CEO of Marathon Petroleum, Gary Heminger, took home an astonishing 935 times more pay than his typical employee in 2017. In other words, one of Marathon’s gas station workers would have to toil more than nine centuries to make as much as Heminger grabbed in just one year. Employees of at least five other US firms would have to work even longer – more than a millennium – to catch up with their top bosses. These companies include the auto parts maker Aptiv (CEO-worker pay ratio: 2,526 to 1), the temp agency Manpower (2,483 to 1), amusement park owner Six Flags (1,920 to 1), Del Monte Produce (1,465 to 1), and apparel maker VF (1,353 to 1). These revelations come thanks to a new federal regulation that requires publicly traded US corporations to disclose, for the first time ever, how much their chief executives are making compared with their median workers.
Categories: Friends of GEO, SE News

Plans Take Shape for a Regeneration Midwest Alliance

It's Our Economy - March 18, 2018 - 1:00pm
Last month, Regeneration International and our partner organizations hosted a meeting at the MOSES Organic Farming Conference in La Crosse, Wisconsin, to gauge interest in forming a 12-state Regeneration Midwest Alliance in the heart of America’s “breadbasket.” (The 12-state region includes: Minnesota, Wisconsin, Illinois, Iowa, Nebraska, North Dakota, South Dakota, Michigan, Ohio, Indiana, Kansas, Missouri). Our team showed up expecting some interest—only to be met by an enthusiastic crowd ready for a regeneration revolution! The coalition of RI partners, which included Main Street Project, Organic Consumers Association (OCA), Regenerate Nebraska and Midwest Organic Services Association(MOSA) presented a vision for what the Midwest could look like if we were to take a systems-change approach to redesigning the future of how our food is produced.
Categories: Friends of GEO, SE News

Business Leaders Agree: Inequality Hurts The Bottom Line

It's Our Economy - March 15, 2018 - 9:00am
A growing number of corporate leaders say it’s time for them to start sharing the wealth. For decades, big business leaders have warned that redistributing wealth is bad for business. Taxing the rich to pay for infrastructure and education, they say, will kill the goose that lays the golden egg. But what if it’s the opposite? What if decades of stagnant wages and growing inequality are scrambling the golden egg and stifling the economy? A growing body of research suggests that’s exactly what’s happening. And a growing number of business leaders now agree. Jim Sinegal, the retired CEO of Costco, famously fended off Wall Street pressure to cut wages and made an eloquent case for a higher federal minimum wage. “The more people make, the better lives they’re going to have and the better consumers they’re going to be,” Sinegal told the Washington Post years ago.
Categories: Friends of GEO, SE News
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