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McKesson CEO makes 943 times aver workers' pay, but wants to cut Social Security

(Source: Teamster Nation, November 20, 2013)

WASHINGTON, D.C. McKesson, the pharmaceutical distribution giant, pays its CEO John Hammergren 943 times what the average McKesson worker makes. That puts McKesson right behind Walmart when it comes to CEO plundering of a company and abuse of employees. Hammergren's signal achievement at McKesson was racking up nearly $1 billion in fines for price-fixing and Medicaid fraud. Hammergren also belongs to that uniquely loathsome group, Fix the Debt, which wants to cut your Social Security. The Institute for Policy Studies found three of the Fix the Debt CEOs who want to impoverish millions of retirees have pensions of more than $100 million each. Hammergren has the largest retirement fortune of the three: $144.3 million.

Full story: Teamster Nation

Thursday, November 21, 2013

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