My home in Hyattsville, Maryland — where I have my office — is occasionally referred to as As You Sow’s DC office. My proximity to the city affords easy ability to attend Securities and Exchange Commission (SEC) meetings in person, such as the staff roundtable on the proxy process on Nov. 15.Read More
Walmart's CEO earns 1,188 times as much as the company's median worker.
In other words, it would take 11 such employees a century to earn what the CEO made in 2017.Read More
Albert Camus once wrote that “the absurd is born of this confrontation between the human need and the unreasonable silence of the world.” The silence of the world has been broken on exorbitant pay packages for CEOs, and the truth is indeed absurd.Read More
The discussion of how much leaders should be paid in comparison to their workers is an old one, as pointed out by former compensation consultant Graef Crystal, “Plato told Aristotle no one should make more than five times the pay of the lowest member of society. J.P. Morgan said 20 times. Jesus advocated a negative differential — that’s why they killed him.”Read More
As part of its annual report on CEO pay, As You Sow collects pension fund proxy voting records, either through websites or from public information requests. Given the importance of climate change, we decided to review fund voting on climate proposals. We reviewed 44 proposals (falling under four categories discussed below), comparing the voting records of 17 funds for which we had data. This represented a total of 628 votes captured, as not every fund owned each company.Read More