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Today in Labor History

July 24, 1968:   The United Auto Workers and the Teamsters form the Alliance for Labor Action (ALA),later to be joined by several smaller unions. The ALA's agenda included support of the civil rights movement and opposition to the war in Vietnam. It disbanded after four years following the death of UAW President Walter Reuther. - Union Communication Services

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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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