December 16, 2014

Union Fairness

Recently the Pittsburgh Tribune Review wrote an editorial titled Union 'fairness': The dues racket.

They tried to provide information that Union Dues are "unfair". They used the following,

Read more: http://triblive.com/opinion/editorials/7349265-74/union-dues-workers#ixzz3M4dBKyos
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I followed with the following LTTE

The recent editorial
Union 'fairness': The dues racket
Really brought to light some interesting Facts and somehow missed some interesting ones also. Fact: AFL/CIO CEO Richard Trumka was paid $322,121 in 2014. Somehow the Editorialist missed the Fact that that salary was provided by 12,951,461 employees. So each Union Member provides $0.02 a year to pay him.
On the other hand, Larry Ellison CEO of Oracle received compensation of $78,440,657 in 2014 while employing 122,000 people. Each employee must provided $642.95, for him to reach that level.
Even more incredible Don A. Mattrick CEO of game maker Zynga, received $57,814,391 while employing 2,030 people. Each employee must provide $28,479.99 for Don to reach that level.

In my book, paying a CEO $0.02 a year is NOT something I would be writing a Editorial about. I would be more curious why ANY Company would pay someone $57+ Million a year that ONLY employees 2,030 people.

Now some people are going to say Oracles Gross Net last year was $38 Billion so Larry deserves it, or Zynga’s Gross Net was $873 Million so Don deserves it.
How about the employees of AFL/CIO? Our Gross Net last year was $518 Billion. Yeah, Mr. Trumka more than deserved his $322,121.

John S. Churchin