CORPORADOS
ROBBER BARONS WIDEN GAP WITH WORKERS
http://www.commondreams.org/headlines05/0412-10.htm
ABID ASLAM, ONE WORLD - An analysis of securities filings showed that CEO salaries rose 12 percent in 2004 compared with average raises of 3.6 percent for rank-and-file workers, further widening the world's largest gaps between executive and labor pay. The average CEO of a major corporation received $9.84 million in total compensation in 2004, the AFL-CIO said.
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GENERAL MOTORS BOYCOTTS LA TIMES
http://tinyurl.com/4uaor
[If you've ever wondered why daily newspaper auto sections read like advertising supplements, this will give you a clue]
REUTERS - The world's largest automaker, in a rare move for a major corporation, said it was pulling its ads from one of the country's biggest dailies over what it called factual errors and misrepresentations in the L.A. Times' editorial coverage. The boycott likely will be short-lived because GM won't want to risk losing market share to its rivals in the large L.A. market, publishing analysts said.But the Chicago-based media company "doesn't need any more bad news," said Douglas Arthur, a Morgan Stanley stock analyst. "Tribune remains the cheapest major media company in the country, but probably the one with the most issues right now.". . .
GM's move came a day after the L.A. Times published a column by its Pulitzer Prize-winning auto critic, Dan Neil, about the automaker's brand strategy. The column's headline called the Pontiac G6 "a sales flop." It also said the automaker should "dump" Chairman and Chief Executive Rick Wagoner and "let the impeachment proceedings begin."
http://www.commondreams.org/headlines05/0412-10.htm
ABID ASLAM, ONE WORLD - An analysis of securities filings showed that CEO salaries rose 12 percent in 2004 compared with average raises of 3.6 percent for rank-and-file workers, further widening the world's largest gaps between executive and labor pay. The average CEO of a major corporation received $9.84 million in total compensation in 2004, the AFL-CIO said.
______________________________________________________________________________
GENERAL MOTORS BOYCOTTS LA TIMES
http://tinyurl.com/4uaor
[If you've ever wondered why daily newspaper auto sections read like advertising supplements, this will give you a clue]
REUTERS - The world's largest automaker, in a rare move for a major corporation, said it was pulling its ads from one of the country's biggest dailies over what it called factual errors and misrepresentations in the L.A. Times' editorial coverage. The boycott likely will be short-lived because GM won't want to risk losing market share to its rivals in the large L.A. market, publishing analysts said.But the Chicago-based media company "doesn't need any more bad news," said Douglas Arthur, a Morgan Stanley stock analyst. "Tribune remains the cheapest major media company in the country, but probably the one with the most issues right now.". . .
GM's move came a day after the L.A. Times published a column by its Pulitzer Prize-winning auto critic, Dan Neil, about the automaker's brand strategy. The column's headline called the Pontiac G6 "a sales flop." It also said the automaker should "dump" Chairman and Chief Executive Rick Wagoner and "let the impeachment proceedings begin."
posted by T. Scott Brineman at 5:42 AM
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