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Today in Labor History

Apr. 27, 1978: A cooling tower for a power plant under construction in Willow Island, West Virginia collapses, killing 51 construction workers in what is thought to be the largest construction accident in U.S. history. OSHA cited contractors for 20 violations, including failures to field test concrete. The cases were settled for $85,000?about $1,700 per worker killed.

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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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