Corporate scandals, wage inequity and unions (Guest commentary)

A union man's look at how to fix corporate Canada
By Buzz Hargrove
|Canadian HR Reporter|Last Updated: 11/01/2006

Whether it’s questionable accounting practices, insider trading, overstated earnings, value manipulations, price-fixing, fraud, spying or outright theft, corporate misconduct is on the front pages.

Workers have been squeezed, productive plants have been closed, corporate raiders have slashed and burned their way through research and development budgets, training budgets and other long-term commitments in exchange for short-term gains.

At the same time, the ratio of CEOs’ salaries to workers’ salaries has grown tenfold in the last 25 years, from 40-to-one in the early 1980s to more than 400-to one today. (That figure, from research groups United for a Fair Economy and the Institute for Policy Studies, comes from the United States but the story is similar on this side of the border.)