This provision of the Inflation Reduction Act will discourage corporations from siphoning resources from worker wages and productive investments for share repurchases that inflate CEO pay.
There’s an easy way to cap sky-high CEO salaries and limit outrageous pay gaps — and it would actually work.
President Biden has the power to crack down on executive excess by imposing new CEO pay and buyback restrictions on federal contractors.
The CEOs at America’s largest low-wage employers are grabbing huge raises while workers and consumers struggle with rising costs.
Two-thirds of low-wage corporations that cut worker pay in 2021 spent billions on stock buybacks.
Administration proposal would restrict insider trades, and impose a tax on stock buybacks that largely benefit the fat cats.
While working families are suffering under the pandemic, corporate boards have bent the rules to protect massive CEO paychecks.