How to become a corporate ceo scam artist in five easy steps

Average CEO pay at big corporations topped 14.5 million dollars in 2018. That’s after an increase of 5.2 million dollars per CEO over the past decade, while the average worker’s pay has

increased just 7,858 dollars over the decade.  ------------------------- Just to catch up to what their CEO made in 2018 alone, it would take the typical worker 158 years. This explosion in

CEO pay relative to the pay of average workers isn’t because CEOs have become so much more valuable than before. It’s not due to the so-called “free market.” It’s due to CEOs gaming the

stock market and playing politics. [embedded content] How did CEOs pull this off? They followed these five steps: > First: They made sure their companies began paying their executives

> in shares of stock. > Second: They directed their companies to lobby Congress for giant > corporate tax cuts and regulatory rollbacks. >  > Third: They used most of the 

savings from these tax cuts and > rollbacks not to raise worker pay or to invest in the future, but to > buy back the corporation’s outstanding shares of stock. >  > Fourth: This

 automatically drove up the price of the remaining > shares of stock. >  > Fifth and finally: Since CEOs are paid mainly in shares of stock, > CEO pay soared while typical 

workers were left in the dust. How to stop this scandal? Five ways: > 1. Ban stock buybacks. They were banned before 1982 when the > Securities and Exchange Commission viewed them as 

vehicles for stock > manipulation and fraud. Then Ronald Reagan’s SEC removed the > restrictions. We should ban buybacks again. > 2. Stop corporations from deducting executive pay 

in excess of 1 > million dollars from their taxable income – even if the pay is > tied to so-called company performance. There’s no reason other > taxpayers ought to be subsidizing 

humongous CEO pay. >  > 3. Stop corporations from receiving any tax deduction for executive > pay unless the percent raise received by top executives matches the > percent raise 

received by average employees. >  > 4. Increase taxes on corporations whose CEOs make more than 100 > times their average employees. >  > 5. Finally, and most basically: Stop 

CEOs from corrupting American > politics with big money. Get big money out of our democracy. Fight > for campaign finance reform. Grossly widening inequalities of income and wealth

cannot be separated from grossly widening inequalities of political power in America. This corruption must end.