May 26, 2021
How CEOs Pumped Up Their Pandemic Paychecks
While low-wage employees lost hours, jobs, and lives, their CEOs got raises. It's time to tax huge CEO-worker pay gaps.
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After the pandemic shut down their industry last March, Carnival and other cruise lines scrambled to get paying customers home—often while stranding employees at sea. As late as August, the company still had employees stuck on ships.
That same month, the company’s board awarded CEO Arnold Donald a special “retention and incentive” stock grant that inflated his 2020 compensation to $13.3 million—490 times more than the company’s median worker pay of just $27,151.
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Read the full article at Newsweek.
Originally in Newsweek.
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