Roundup: Editorial opinions from other papers
CEO pay, most cats not that fat
The fat cats just keep getting fatter at our expense, according to a report from As You Sow, an Oakland, Calif.-based nonprofit founded in 1992 to promote “environmental and social corporate responsibility through shareholder advocacy, coalition building and innovative legal strategies.”
Its report ranked “the 100 most overpaid CEOs of S&P 500 companies,” adding that CEO pay grew 997 percent over 36 years — an astonishing number.
But while some of the largest and most successful U.S. companies pay their top leadership quite handsomely, there are many more CEOs in America that make nowhere near what that handful in the S&P 500 does.
Indeed, a report from the American Enterprise Institute last year suggested that allowing the compensation for a few hundred CEOs of multinational corporations to represent pay for the CEOs at more than 7 million private firms in the U.S. was missing the forest for the trees.
Drawing upon comprehensive data from a U.S. Bureau of Labor Statistics report, AEI found that a more complete analysis of company heads’ compensation revealed nowhere near the same scope and disparity of pay with that of employees. “In 2014, the BLS reports that the average pay for America’s 246,240 chief executives was only $180,700,” wrote AEI’s Mark J. Perry, a professor of economics and finance at the University of Michigan’s Flint campus.
Moreover, “the real CEO-to-worker pay ratio has not been increasing, as is frequently reported, but instead has been remarkably constant over the past 13 years, averaging 3.8-to-1 in a tight range between a maximum of 3.89-to-1 in 2004 and a minimum of 3.69-to-1 in both 2005 and 2006.”
While whether CEOs at major corporations are making too much is best left between them, their boards of directors and shareholders, we feel America’s CEOs are getting a bad rap.
The Orange County Register, Feb. 25
A new report reveals equal opportunity extremism
Every year the Southern Poverty Law Center issues a report about the state of hate groups in America. Some Americans are in an especially angry mood, as the growth in the number of such organizations will attest. The center’s 2016 edition of “The Year in Hate and Extremism” is a portal to the nation’s dark side.
In a political season dense with calls to oppose Syrian refugee resettlement, freeze the immigration of all Muslims to the United States and build an impenetrable wall across the border with Mexico, many sentiments that used to be confined to the political fringe have gone mainstream.
Tapping into cultural resentments such as opposition to marriage equality and concerns about the continuing shift in the nation’s demographic makeup, hate groups are proliferating nationwide. Their number has grown to 892 in 2015, up from 784 the year before.
The report also lists black separatists such as the Israelite Church of God in Jesus Christ, the Israelite School of Universal Practical Knowledge and the Nation of Islam for spreading racial and religious intolerance. That’s the trouble with hatred — it comes in too many colors, sizes and preferences.
Pittsburgh Post-Gazette, Feb. 25