CEO Pay Takes A Hit In Bailout Plan
The draft of the government's controversial
$700 billion financial rescue plan released Sunday makes it clear that
CEOs of firms seeking the bailout are about to have their pay packages
capped. USA Today.
September 29, 2008
Put A Cap On CEO Pay
For a guy whose astute counsel helped to make so many CEOs rich, Peter
Drucker had an intense loathing of exorbitant executive salaries. He hated high CEO pay on every level: what it said about the
individual as a leader, how it undermined the smooth functioning of the
organization, and the way it tore at the fabric of society as a whole. BusinessWeek.
September 12, 2008
Executive Excess 2008: How Average Taxpayers Subsidize Runaway Pay
Our 15th annual Labor Day report (with the Institute for Policy Studies) finds that tax subsidies directly related to executive pay total $20 billion.
August 25, 2008
Wells Fargo Shareholder Resolution 2008
Racial disparities in Wells Fargo's 2006 HMDA data are pronounced.
African-Americans were 3.69 times
more likely than whites to receive a high cost loan and Latinos were
1.82 times more likely than whites.
April 15, 2008
Western Union Shareholder Resolution 2008
The federal law known as the Community Reinvestment Act (CRA) obligates
federally insured banks and depository institutions to help meet the
needs of communities in which they operate. No such law exists for
money transfer agencies like Western Union.
April 15, 2008
April 15th: Gratitude Day (Op-ed)
Ask a group of people to choose...their least favorite day of the year
and the odds are good many will choose the same day, April 15th, tax
day... But I'd like to offer my fellow
high-income taxpayers some advice on why April 15th should be
celebrated rather than feared. By Eric Schoenberg
April 14, 2008
Nation’s Most Progressive Tax Gets a Boost
From UFE's March 2008 E-News
March 31, 2008
Take the Tax Fairness Pledge
Behind the scenes, the Bush tax cuts continue to drain our nation’s capacity to provide vital services, fund education, invest in research and infrastructure, build a strong and sustainable economy, and assure fairness and opportunity. And yet, Bush, McCain, and others are pushing to make those tax cuts permanent!
March 31, 2008
How Do You Know Economic Inequality is Bad?
Some free-market boosters would have us believe that economic inequality is good because it pushes those with less to work harder. While the evidence is mixed on whether that’s true, what’s becoming more and more clear is that the cost to our health is significant.
March 31, 2008
Responsible Wealth Members Share their Stories in the Media
Some families avoid conversations about finances – and some wealthy kids struggle with giving back. But three Responsible Wealth members are publicly sharing their efforts to pass down values and meaning to the next generation. (From UFE's E-News.)
March 31, 2008
Investors Favored Over Wage Earners (Op-ed)
OVER THE LAST DECADE, nobody has gotten more love from Washington than
investors. It's time to stop and ask if the love is misplaced.
March 31, 2008
Breaking the Silence
Feature article focuses on wealthy people who are passing along values with their inheritances. Three members of Responsible Wealth, Fran Butler, Dal LaMagna, and Martin Rothenberg are profiled. (New York Times)
March 18, 2008
Estate Tax Supporters Convene in DC to Lobby Congress
As efforts to preserve the federal estate tax continue in 2008, estate
tax supporters from across the country will come together for an estate
tax briefing to be held during the Take Back America conference,
followed by a day of Capitol Hill visits to lobby Congressional
representatives and senators from their home districts.
March 11, 2008
Estate Tax Lobby Day
The next phase of the fight to preserve the estate tax needs your voice.
Please join us in Washington DC, March 18-19, to learn and lobby.
February 22, 2008
Challenging our Faith in Wealth
A Tale from the Wealth Gap, by
Cecile Andrews, author of Slow is Beautiful: New Visions of Community,
Leisure, and Joie de Vivre and The Circle
of Simplicity: Return to the Good Life.
How do we rouse people to get involved in movements for
change? We're facing a growing gap between the rich and the poor, destruction
of the planet through global warming, an endless war... Yet we go on with
business as usual.
January 18, 2008
Are CEOs and Consultants Colluding Over Pay?
UFE's Executive Excess report was cited by a congressional
committee, chaired by Rep. Waxman, looking into executive compensation conflicts of interest.
December 12, 2007
Responsible Wealth Action News – Back Issues
December 2006
(PDF, 524 KB) Ten Years: Looking Back, Looking Forward • Immigration as
Foreign Aid • Myth Busting About Race • Funding Justice Gulf South•
Preserving the Estate Tax
October 31, 2007
The Staggering Cost of US Corporate Leadership
UFE's annual Labor Day report (with the Institute for Policy Studies) finds
that average CEO pay is 364 times the pay of an average US worker.
October 19, 2007
Responsible Wealth Action News – October 2007
Reflection: Inconvenience Yourself | Reining in the Wells Fargo Stagecoach | Tax Fairness Organizing | Capturing Capital Gains | Western Union Pressured | Wal-Mart's Annual Meeting | Opinion: War & Taxes | Estate Tax Heads for Compromise | In Your Own Voice | RW Member Runs for Congress
October 12, 2007
CEOs more valuable than cancer research
http://www.statesmanjournal.com/apps/pbcs.dll/article?AID=2007309020001
August 30, 2007
It's Not Easy Being Ultra-Rich
http://www.huffingtonpost.com/barbara-ehrenreich/its-not-easy-being-ultra_b_62508.html
August 30, 2007
Cash of the titans: Criticism of pay for fund execs grows
http://www.usatoday.com/money/companies/management/2007-08-29-private-equity-pay_N.htm
August 30, 2007
CEOs Make More in One day than You do All Year
They Make More in One day than You do All Year; CEOs Averaged Nearly $11 Million in Pay Last Year
August 29, 2007
Exec. Excess 2007: The Staggering Cost of Corporate Leadership
Our annual Labor Day report (with the Institute for Policy Studies) finds
that average CEO pay is 364 times the pay of an average US worker.
August 29, 2007
Executive Excess 2007
14th Annual Labor Day ‘Executive Excess’ Report: Americans Pay a Staggering
Cost for Corporate Leadership
August 28, 2007
For this club, life begins at 50 (%)
July 29, 2007
Sharing the Burden of War and Taxes (Op-ed)
Article by Responsible Wealth members proposes increasing taxes on the wealthy. In The Boston Globe.
April 9, 2007
Responsible Wealth 2007 Shareholder Campaign
Shareholder actions are a vital tool in raising awareness about the
need for corporations to take into account the needs of stakeholders
beyond those in board room. This year's resolutions were with Wells Fargo and Western Union.
January 1, 2007
