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Today in Labor History

July 6, 1988: Explosions and fires destroy the Piper Alpha drilling platform in the North Sea, killing 167 oil workers?the worst loss of life ever in an offshore oil disaster. The operator, Occidental, was found guilty of having inadequate maintenance and safety procedures, but no criminal charges were ever brought.

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Teamsters Praise SEC for Proposed Rule on CEO Pay
Posted On: Sep 19, 2013
Sept. 19, 2013 | ECONOMIC INEQUALITY | The Union today applauded the Securities and Exchange Commission (SEC) announcement of a new proposed rule requiring corporations to disclose the ratio between chief executive and worker pay…."CEO pay keeps going up and worker pay keeps going down," said Teamsters General President Jim Hoffa. "This is a dirty secret that corporate CEOs don't want exposed, and the SEC did the right thing by proposing this rule." Full IBT statement here. Related: Ratio of CEO pay to average worker pay rose from 195-to-1 in 1993 to 354-to-1. Full story here.
 
 
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