Radiozine on 05/03/13
Host Kathleen Stephenson speaks with Sarah Anderson of the Institute for Policy Studies about their new report, "Fix the Debt’ CEOs Enjoy Taxpayer-Subsidized Pay."
The report released on May 2nd covers the CEO "performance pay" loophole. The report quantifies just how much taxpayers pay for certain CEOs. For example, Stephen Hemsley, UnitedHealth CEO, got $68 million in CEO pay over a two-year period thanks to the tax bucks paid by everyday Americans. These same CEOs are also with the 'Fix the Debt,' a group calling for austerity measures that will impact the poor, elderly, and others.
Sarah Anderson has been studying the wage gap and CEO Pay for almost 20 years. She was the first to begin releasing reports on the ratio between CEOs and the average worker