A Sensitive CEO Wants Props for His Sensitivity

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Jim Murren, the CEO of gaming giant MGM Resorts International, is feeling more than a little peeved. Last month he blasted the investor community for not recognizing his company’s efforts to promote women into management. Investors, Murren charged, “talk about wanting companies with a good conscience, but they’re really looking for companies that are going to make them a lot of money.” Workers at MGM, meanwhile, are still waiting for Murren to flash a “good conscience” toward them. MGM has just announced a new $2 billion share buyback program, on top of a recently completed $1 billion buyback. All those billions will mean a hefty stock-based pay hike for the 56-year-old Murren, who already makes 396 times more than the median MGM worker. Unions representing MGM’s 24,000 workers in Las Vegas joined last month with workers at other local casinos and voted to authorize a strike when their current contract expires the end of this month.

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Sam Pizzigati edits Too Much, the online weekly on excess and inequality. He is an associate fellow at the Institute for Policy Studies in Washington, D.C. Last year, he played an active role on the team that generated The Nation magazine special issue on extreme inequality. That issue recently won the 2009 Hillman Prize for magazine journalism. Pizzigati’s latest book, Greed and Good: Understanding and Overcoming the Inequality that Limits Our Lives (Apex Press, 2004), won an “outstanding title” of the year ranking from the American Library Association’s Choice book review journal.

Posted In: Union Matters

Union Matters

He Gets the Bucks, We Get All the Deadly Bangs

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

National Rifle Association chief Wayne LaPierre has had better weeks. First came the horrific early August slaughters in California, Texas, and Ohio that left dozens dead, murders that elevated public pressure on the NRA’s hardline against even the mildest of moves against gun violence. Then came revelations that LaPierre — whose labors on behalf of the nonprofit NRA have made him a millionaire many times over — last year planned to have his gun lobby group bankroll a 10,000-square-foot luxury manse near Dallas for his personal use. In response, LaPierre had his flacks charge that the NRA’s former ad agency had done the scheming to buy the mansion. The ad agency called that assertion “patently false” and related that LaPierre had sought the agency’s involvement in the scheme, a request the agency rejected. The mansion scandal, notes the Washington Post, comes as the NRA is already “contending with the fallout from allegations of lavish spending by top executives.”

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Corruption Coordinates

Corruption Coordinates