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The 100 Most Overpaid CEOs & How Much They Make – Look How Ridiculous This Is

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CEO pay continues to skyrocket at an exponential pace, as do the wages of the top executives beneath them. This is that ‘rat race’ we all live in, which sees all of us chasing money — at the expense of nearly everything else. While money is admittedly necessary at this moment to survive and put food on the table, how much is enough? If you view social issues like poverty to be the result of a lack of resources and money, why do so few of us question the current wealth allocation and distribution on the planet? If we were to take very small percentages of pay from the elite ‘1’ percent, we could use that money to feed, clothe, and house everybody on the planet.

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As a result of this skyrocketing trend, the money of millions of people with pensions, IRAs, and 401 (k) plans continues to be expropriated, and there appears to be nothing we can do about it. Robert Reich, an American political economist, explains the severity of the situation in a recent post on his Facebook page:

Why can’t we do anything about this? Because almost all this money is parked in giant mutual funds that don’t want to rock the boat – so they approve these scandalous pay packages.

According to a report issued yesterday by shareholder advocacy group “As You Sow” (see below), the giant mutual funds Vanguard Group and BlackRock Inc. – which together manage $7.6 trillion (that’s trillion) — approved pay packages 97 percent of the time last year. TIAA-CREF approved them 94 percent of the time. T. Rowe Price Group Inc. funds supported 92 percent of executive pay plans.

Not all funds kiss the derriers of CEOs this much. Fidelity Investment’s mutual funds approved board-backed pay 79 percent of the time; Franklin Templeton, 70 percent; and Dimensional Fund Advisors only 54 percent of the time.

The point is, if you have an IRA or 401(k), it’s your money. And you can switch from a fund that’s in bed with CEOs to one that’s not.

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You can view the full list HERE. Keep in mind, these are only the disclosed amounts – who knows how much more they could be receiving under the radar?

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You can view the full list HERE.

Key Findings Of The Report (See Full Report HERE)

  • Of the top 25 most overpaid CEOs, 11 made the list for the second year in a row. These rankings are based on a statistical analysis of company financial performance with a regression to identify predicted pay, as well as an innovative index developed by As You Sow that considers over 30 additional factors.
  • Many of the overpaid CEOs are insulated from shareholder votes, suggesting that shareholder scrutiny can be an important deterrent to outrageous pay packages. A number of the most overpaid CEOs are at companies with unequal voting structures and/or triennial votes, so shareholders did not have the opportunity to vote this year on the extraordinary packages. While the say-on-pay law allows less frequent votes, shareholders have not supported the practice and the vast majority of companies hold annual votes on pay. We believe that the fact that our list of the top 25 overpaid CEOs includes several companies that do not hold annual votes on pay implies that such insulated companies are more willing to flaunt best practices on pay and performance.
  • The most overpaid CEOs represent an extraordinary misallocation of assets. Regression analysis showed 17 CEOs with compensation at least $20 million more in 2014 than they would have garnered if their pay had been aligned with performance.
  • Shareholder votes on pay are wide-ranging and inconsistent, with pension funds engaging in more rigorous analysis. This report, representing the broadest survey of institutional voting ever done on the topic, shows that pension funds are more likely to vote against overpaid packages than mutual funds. Using various state disclosure laws, we were able to collect data from over 30 pension funds. The data shows support for overpaid CEOs ranging from approval of 24% – indicating voting practices based on rigorous compensation analysis – to 79%.
  • Mutual funds are far more likely to rubber stamp than pension funds, but among mutual funds there is wide variation. Of the largest mutual funds, American and Schwab approved 65% of these packages, while Blackrock supported 97% of them. Some funds seem to routinely rubber stamp management pay practices, enabling the worst offenders and failing in their fiduciary duty. TIAA-CREF, the leading retirement provider for teachers and college professors, is more likely to approve high-pay packages than almost any other institution of its size with support level of 97%.
  • Directors, who should be acting as stewards of shareholder interests, should be held individually accountable for overseeing egregious pay practices. A number of directors serve on two or more overpaid S&P 500 compensation committees. We list the companies that over-paying directors serve on, and identify individuals who serve on two or more ‘overpaid’ S&P 500 compensation committees.

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Al Sharpton Cancels NYC ‘Vaccine Forum’ Amid Pressure From Physicians – But It’s Happening Anyway

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In Brief

  • The Facts:

    Amid pressure from scientists and physicians, Al Sharpton cancels vaccine forum event aimed at educating the public about potential vaccine dangers. But the event is still on in a new location!

  • Reflect On:

    Why such a concerted effort from the establishment to shut down public events aimed at educating people about safety concerns regarding vaccines? If there was nothing to hide, why shut them down so aggressively?

The Rev. Al Sharpton and the National Action Network were set to host a “vaccine forum” on Oct 19th, 2019 in Harlem that would feature speakers focused on raising awareness about vaccine injuries and lack of vaccine safety.

The event was going to take place at National Action Network’s headquarters on 145th Street, and Sharpton was slated to welcome guests, alongside Robert F. Kennedy Jr., who is currently suing New York State for removing the option for parents to exercise religious exemptions to vaccines.

After the event was shut down at NAN due to pressure from prominent vaccine supporters, the location was moved to an Assembly Hall at Riverside Church. (More details below.)

Dr. Peter Hotez, who has refused to publicly debate Robert F Kennedy Jr on the matters of vaccine safety, was one of the individuals trying to shut down the event. When speaking of Sharpton he stated:

“His organization should not be hosting this event,” he said. “He should not be appearing at this event. This is an event which is intended to deliberately work towards depriving kids in Harlem of their life-saving vaccines and to make parents question the safety of those vaccines.”

Not all share Hotez’s opinion that vaccines are a safe, one size fits all pharmaceutical. And there is much evidence to support those doubts. Hence why the vaccine awareness movement is rapidly growing, it’s evidence based and that’s becoming more obvious as each day goes by.

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If there was no evidence vaccines come with serious dangers, this argument would have died out years ago. Take for example the resurgence of topics like flat earth, it had celebrity backing and was an internet phenomenon, but it died off quickly as there simply is no evidence to support the idea. With vaccines, it’s much different. More and more prominent, credible and credentialed individuals are joining the movement because the evidence continues to mount. Their goal is to assess vaccine safety and stop government from trying to force vaccines on everyone due to pharmaceutical pressures.

Dr. Sean O’Leary with the American Academy of Pediatrics also outspoken about the event:

“Just when we get done with the measles outbreak, actions like this threaten the public’s health by starting another measles outbreak, […] Here, in another part of New York City, we have folks ready to go into a community and spread more misinformation and pseudoscience.”

Again, more misinformed and opinionated statements from individuals that perhaps are simply not attempting to see the truth or who are pressured not to speak the truth. The body of evidence that expresses the lack of vaccine safety is vast. For example, a pilot study by the Federal Agency for Health Care Research found that 1 in 39 kids are injured by vaccines in some way, contrary to the estimate put forth by the CDC that suggests 1 in a million are injured –  that’s quite the gap.

It brings up the question, if there is nothing to hide in the actions of pharmaceutical companies, why are they protected by laws from ever being sued for vaccine injuries and harm? Why are public debates on the issue always cancelled? Why does the media work so hard to turn people to question things into ‘antivaxxers?’ Why do we (CE) had our reach limited on Facebook and receive ‘fake news’ strikes every time we report on vaccines? – even when the information is completely fact based…

Because there is something to hide here. If there was nothing to hide, big pharma and their control over congress, government, media, some scientists and doctors would not be working so hard to shut down people who have figured out the truth.

“It is a grave warning sign for American democracy that the pharmaceutical industry is now so powerful that it can silence debate, even in the traditional heart of civil rights activism” – Robert F. Kennedy, Jr.

If you are in the New York area, you can attend this free public event to understand more about vaccines safety on October 19th,  2019.

Speakers include: Robert F. Kennedy, Jr.; Sheila Ealey; John Gilmore; Dr. Phil Valentine; Curtis Cost; Dr. Lawrence Palevsky; Reverend Walter Sotelo; Mary Holland; Gary Null; Mitchel Cohen; and many more.

The event time and location is as follows:

Saturday, October 19th, 1:00-4:0 p.m.
Assembly Hall at Riverside Church
91 Claremont Avenue, New York, NY

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Tulsi Gabbard Just Called Hillary Clinton The “Embodiment Of Corruption” And Much More

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In Brief

  • The Facts:

    Hillary Clinton just referred to Tulsi Gabbard as a Russian asset in an interview. Tulsi comes back at her on Twitter, exposing the true face of Clinton.

  • Reflect On:

    Is it not important we have more public conversations about the true nature of the politicians we vote for?

Former Secretary of State Hillary Clinton has recently suggested that she thinks Rep. Tulsi Gabbard, D-Hawaii, is being “groomed” by Russia to run as a third-party candidate in 2020. Of course, she supplied no evidence of this, but using “Russia” in any sentence in the US is a sure-fire way of striking fear in people about someone.

In an interview with David Plouff, Obama’s former campaign manager, Clinton said:

“They’re also going to do third-party again, “I’m not making any predictions, but I think they’ve got their eye on someone who’s currently in the Democratic primary and are grooming her to be the third-party candidate. She’s the favorite of the Russians. They have a bunch of sites and bots and other ways of supporting her so far.”

Again, step out of part politics for a second, are we really going to pretend this is about parties and not the global elite being upset at someone who’s ruining their show? Think about it, Clinton used Facebook, Google, YouTube and almost every media outlet in the US to manipulate the public into thinking she was a viable candidate. Trump was keen to use social media, and played the role of causing drama, but at least he was transparent about it. Clinton on the other hand, is precisely what Gabbard stated about her in a follow-up Tweet to Clinton’s remarks.

When it comes to the US’ involvement in war, which Gabbard has been rightly critical about, she has also said that Trump “has the blood of the Kurds on his hands” but explained that she holds both parties responsible for supporting what she described as a “regime-change war.” Accurately seeing that this is not about parties but about deep state agendas.

The Takeaway

As we often say in step 1 of The CE Protocol, we have to break the illusion of the world around us. Events like this indicate that there is a greater desire for people to speak up and expose what many people have known for a long time but has never received the attention it deserves. Gabbard in this case is helping the American public see more clearly the true nature of some of the politicians at play and the actions they take.

When we learn to see these actions more clearly we can call into question whether or not our voting processes or systems are truly representative of what people want or whether they are just there to tell a story to the people – one that isn’t true – so money and power can be made and maintained at the elite level.

Needing to have open and public conversations about this type of stuff, moving beyond the mainstream media created celebrity status of various candidates, is important so that people can begin to see the truth – see the person behind the mask. This is partly what people see with Trump, the truth of what politicians look like, act like and where their agendas lie. It’s all laid bare. Whether or not you agree or disagree with it is up to you to decide, because at least now it can be seen clearly. Especially if you avoid mainstream media’s coverage of it.

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This is Not A Movie, It’s October 1st, 2019 In Hong Kong

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In Brief

  • The Facts:

    Protests in Hong Kong rose to many tense moments over the past few months. This video footage shows clashes between riot police and protesters on Kowloon’s Nathan Road.

  • Reflect On:

    Have people reached a breaking point when it comes to how often they are not heard by governments?

In the video below, what looks like a Hollywood movie is the reality just a couple of weeks ago in Hong Kong. Riot police and protesters have been clashing for months as the streets become filled with hundreds of tear gas canisters and Molotov cocktails. Having covered the G20 summit in Toronto, these scenes appear much more tense than what I saw during those protests, and even those were filled with vandalism, pepper spray, burning cars and rubber bullets.

We’ve covered the Hong Kong protests a couple of times here on CE, including a full segment on CETV here.

There are obviously two perspectives as to what is going on, the Mainland China perspective and that of the Hong Kong protesters who feel Mainland China is acting wrongly. From the perspective of Mainland China, the protests in Hong Kong are fundamentally the result of Western interference and attempts at a ‘soft recolonization’ of Hong Kong. Their arguments have some merit.

From the Hongkongers perspective,  tensions rose after the introduction of an extradition bill that threatened residents’ freedoms. Protesters are demanding Hong Kong’s chief executive Carrie Lam resigns. They are also calling for:

  • The complete withdrawal of the proposed extradition bill
  • The government to withdraw the use of the word “riot” in relation to protests
  • The unconditional release of arrested protesters and charges against them dropped
  • An independent inquiry into police behaviour
  • Implementation of genuine universal suffrage

As with many things people are feeling at the moment, big government has been overreaching for quite some time, and freedoms continue to be cut while quality of life in our fast-paced modern society diminishes. What we must remember when viewing these issues is we can’t singularly look at each one and determine whether it’s right or wrong so easily. People are exposed to ‘hits’ from every direction to their wallets, freedom, health, lifestyle and psyche and our world is reflecting the feeling that ‘enough is enough.’

Since much of the time we aren’t sure what else to do, people fight back, they do what they think will lead them to being heard and having a solution brought forth. is this the best way forward? Perhaps not, but when it becomes clear to people that their governments and the voting process do not work in their benefit nor favor, this is sometimes what they revert to.

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Video credit: Tom Grundy/HKFP

More at http://www.hongkongfp.com – Hong Kong’s only not-for-profit, independent English-language news source.

H/T: Twisted Sifter

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