Recently, CNN reported that CEO's in America make 364 times their employees. (www.cnn.com). This is absolutely astounding!!! In 1989, CNN reports that CEO's made a slightly more modest 71 times their employees.
What the hell has changed in less than two decades? Is there some new skill that executives have exclusively obtained that makes them that much more valuable?
I'll tell you what has changed: Union membership has decreased. Unions are what keep capitalism in control. Unions are what prevent companies from taking advantage of the workers. And most Unitus members are middle- to low-income workers, just like Unitus employees.
Unitus Is Not a Corporation, and Pat Smith should not be paid like that!
Pat Smith chose a career path in credit unions. Credit Unions are not-for-profit organizations, or put another way, they provide all profits to the members. Unitus is a Community Credit Union. It serves the Portland Metro Area. Unitus should set an example. Unitus should be a pillar of the community that other companies should strive emulate. Unitus should provide family wage jobs to it's employees. Unitus should not profit on excessive fees and rates. Unitus has forgotten the "community" in community credit union!
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