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Executive Compensation
Executive Paywatch
The AFL-CIO's Executive PayWatch website shines a light on executive compensation practices and provides easy access to CEO pay data at publicly traded companies in the United States.
Correspondence and Statements
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April 13, 2010 - The AFL-CIO's updated 2010 Executive PayWatch catalogs CEO pay and exposes Wall Street’s efforts against meaningful financial reform.
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February 12, 2010 - In a letter to the Internal Revenue Service, AFL-CIO President Trumka called for an examination of the tax treatment of insider loans to bank executives. According to the Wall Street Journal, banks have provided loans at below-market rates to their highly compensated employees who were short of cash due to TARP-related compensation limits.
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January 26, 2010 - In a letter to the editor published in the Washington Post, AFL-CIO President Richard Trumka took issue with the notion that the best course of action is to allow 'market forces' to determine how much senior executives are paid.
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January 19, 2010 - AFL-CIO President Trumka issued a statement criticizing record Wall Street bonuses as outrageous payouts to the very people who are responsible for the financial crisis. He also called for the creation of a Consumer Financial Protection Agency and the implementation of a tax on securities transactions to curb financial speculation.
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November 25, 2009 - AFL-CIO Secretary-Treasurer Elizabeth Shuler submitted a comment letter to the Federal Reserve on executive compensation policies at banks. The AFL-CIO recommended prohibiting stock option compensation, the elimination of guaranteed bonuses, and the creation of a standardized measure to assess whether compensation is linked to long-term sustainability.
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September 14, 2009 - In a comment letter to the Securities and Exchange Commission, the AFL-CIO urged that the proxy disclosure rules on executive compensation risk factors be strengthened. The letter urges that company proxy statements disclose how executive compensation policies create incentives that can affect a company's overall risk profile.
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