To: United States Congress

Congress: Cap CEO pay at 50x salary of the average worker

Congress: Cap CEO pay at 50x salary of the average worker

The ratio of CEO pay in the United States has ballooned to 380 times that of the average worker. Pass legislation to limit the salary of CEOs to 50 times as much as the average employee at their companies.

Why is this important?

A recent viral video highlighted how massive wealth inequality in the U.S. has become in recent years, with the richest 1% of the country possessing more money than the poorest 80% combined. A major driver of this inequality is pay disparity, with CEOs in Fortune 500 companies now making 380 times as much money as the average worker. This is a massive increase from 1980, when CEOs were making 42 times as much as the average worker.

To help rectify this problem, Congress needs to pass legislation that caps the ratio of CEO pay to average worker pay at 50 times. CEOs can still be very well compensated, but this will help to drive down the massive disparity we're facing right now. Sign this petition to demand Congress help fix our income inequality problem by capping CEO pay.

View the viral video here: http://mashable.com/2013/03/02/wealth-inequality/

REFERENCE
http://thinkprogress.org/economy/2012/04/19/467516/ceo-pay-gap-2011/

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Reasons for signing

  • I've had the exact same idea for years and only recently found this site. I don't care whether the cap is at 20, 30, 40, or 50, but this is the kind of cap we need so that all employees gain when a 'company' makes gains. "Company" means "people you break bread with". "Com" = with "pan" = bread.
  • I work for a major financial institution. I recently read that my companies CEO got a raise of 112% bringing their annual compensation to 21+ mm a year. I make 40k. How is this even close to being fair. My CEO will make more in 1 month than I will in the next 30 years if things stay as they are now. Hopefully laws can be passed to stop this from happening.
  • Corporate staff ceo cfo vp etc...are paid way to much vs the average worker. We are supposed to work to live, not the other way around.