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When Roger West first launched the progressive political blog "News From The Other Side" in May 2010, he could hardly have predicted the impact that his venture would have on the media and political debate. As the New Media emerged as a counterbalance to established media sources, Roger wrote his copious blogs about national politics, the tea party movement, mid-term elections, and the failings of the radical right to the vanguard of the New Media movement. Roger West's efforts as a leading blogger have tremendous reach. NFTOS has led the effort to bring accountability to mainstream media sources such as FOX NEWS, Breitbart's "Big Journalism. Roger's breadth of experience, engaging style, and cultivation of loyal readership - over 92 million visitors - give him unique insight into the past, present, and future of the New Media and political rhetoric that exists in our society today. What we are against: Radical Right Wing Agendas Incompetent Establishment Donald J. Trump Corporate Malfeasence We are for: Global and Econmoic Security Social and Economic Justice Media Accountability THE RESISTANCE

Monday, May 9, 2011

CEO Bonuses Rose By Nearly 20%

As most American families continue to struggle with high unemployment and stagnant wages, CEOs at the country’s 350 biggest companies saw their pay jump 11% last year to a median of $9.3 million, according to a study conducted for the Wall Street Journal. The survey looked at direct compensation — salary, bonuses, and long-term incentive awards — and did not include assets like stock options:

For the surveyed CEOs, the sharpest pay gains came via bonuses, which soared 19.7% as profits recovered, especially in some hard-hit industries. … Net income rose by a median of 17%; shareholders at those companies enjoyed a median return, including dividends, of 18%.

Corporate profits may be at sky-high levels, but they are not translating into shared prosperity for all. Median household income has fallen nearly 5% over the past decade and in 2010 was $50,221. The lack of wage growth has made it difficult for average Americans to keep up with rising prices on everything from gas to food.

This latest report is further evidence that the gap between the rich and everyone else is widening, with economic inequality in the U.S. at its highest levels since the Great Depression.