BREAKING: Danish CEOs on Verge of Collapse

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This comes from Politiken, but it sure sounds familiar, doesn’t it?

Since 2008 when the crisis hit, outlays for directors [i.e., CEOs] at the 16 largest Danish companies have increased by 23 percent….This compared to general labour market wage rises of just over nine per cent in the same period.

….Carlsberg Chairman Povl Krogsgaard-Larsen defends the fact that his two directors shared DKK 39 million last year — 30 percent more than in 2008.  “If we are to ensure the most motivated and talented executives, who are willing to work 25 hours per day and risk their health, we should be able to offer salaries close to those paid abroad,” Krogsgaard-Larsen says.

Actually, I take that back. Even in America, I don’t think anyone would quite have the balls to claim that their executives deserved outsize pay packages because they were “risking their health” by working so hard. In the BS department, apparently Wall Street has met its match.

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DEMOCRACY DOES NOT EXIST...

without free and fair elections, a vigorous free press, and engaged citizens to reclaim power from those who abuse it.

In this election year unlike any other—against a backdrop of a pandemic, an economic crisis, racial reckoning, and so much daily bluster—Mother Jones' journalism is driven by one simple question: Will America move closer to, or further from, justice and equity in the years to come?

If you're able to, please join us in this mission with a donation today. Our reporting right now is focused on voting rights and election security, corruption, disinformation, racial and gender equity, and the climate crisis. We can’t do it without the support of readers like you, and we need to give it everything we've got between now and November. Thank you.

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