April 13, 2007: New York Times: If there is a single, logical justification for the wild executive compensation packages that have become standard at large American companies, it is performance. In too many cases, pay has little or nothing to do with results, and some of the most jaw-dropping packages are for executives who have been told to hand over the reins.
TDU will hold a national zoom call on Saturday, Aug. 14 for Teamsters who are volunteering to elect the O’Brien-Zuckerman Teamsters United Slate. Join candidates, campaign coordinators and Teamster activists for an update and to make plans to Get Out the Vote and win this fall. Click here to register.
The assets of the Central States Pension Fund fell to $9.8 billion at the end of March, a drop of $573 million in the first quarter. The fund projects forward that it will pay $2.83 billion in pension benefits this year, while taking in $651 million in employer contributions.
