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Showing posts from June 13, 2014

Exxon to Challenge Ark. Oil Spill Fine at Hearing, but Public Not Allowed to Listen

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[Out of sight, out of mind? Regulators charge that ExxonMobil “delayed crucial inspections, skewed risk data and ignored warning signs before its Pegasus oil pipeline ruptured in Arkansas last year.” The company is challenging a $2.7 million fine for the incident, and Elizabeth Douglas reports for InsideClimate News that the proceedings will be closed to the public.]
By Elizabeth Douglass, InsideClimate News, Jun 11, 2014
Federal pipeline regulators and ExxonMobil lawyers will spar Wednesday in Houston over a proposed $2.7 million fine and allegations that the company delayed crucial inspections, skewed risk data and ignored warning signs before its Pegasus oil pipeline ruptured in Arkansas last year.

The two sides are presenting evidence for and against the fine and allegations in an "informal" administrative hearing that's closed to the public. It is being heard by a presiding officer from the Pipeline and Hazardous Materials Safet…

CEO Pay Continues to Rise as Typical Workers Are Paid Less

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[Ugh importing these graphs was terrible!!! You may want to click on the link above and view the original article - it's worth the read. Stat of the day: 937 percent — the inflation-adjusted rise in average CEO pay from 1978 to 2013, according to a new report from EPI. *RON*]

By Lawrence Mishel and Alyssa Davis, Economic Policy Institute, June 12, 2014

Issue Brief #380, View PDF, Download PDF

The 1980s, 1990s, and 2000s were prosperous times for top U.S. executives, especially relative to other wage earners and even relative to other very high wage earners (those earning more than 99.9 percent of all wage earners). Executives constitute a larger group of workers than is commonly recognized, and the extraordinary pay increases received by chief executive officers of large firms had spillover effects in pulling up the pay of other executives and managers.1 Consequently, the growth of CEO and executive compensation overall was a major factor dr…