Join me in calling on Biden to crack down on CEO pay

The following advertisement from Inequality.org has been sent to you via Mother Jones' email list. Mother Jones is a nonprofit, and most of our budget comes from readers like you, but revenue from advertisers helps us produce more of the hard-hitting journalism you expect. We never disclose your information to an advertiser. Mother Jones does not endorse any candidate, political organization, commercial product, or service, and the views expressed in this email do not constitute any endorsement or recommendation by Mother Jones. [Logo for Inequality.org]( Sign Inequality.org’s petition and tell President Biden: [Crack Down on Excessive CEO Pay]( [Add your name]( Dear readers, CEOs are making a killing, and it’s coming at the expense of employees. At many major corporations, the gap between CEO pay and typical worker pay is now 603-to-1. The good news is that we don’t have to hope for a legislative miracle to change things. President Biden can single-handedly help workers and limit CEO pay by requiring federal contractors to narrow their pay disparities. [Add your name to the Inequality.org petition to President Biden: no federal contracts for companies with excessive CEO pay.]( [Add your name]( President Biden has the power to crack down on such extreme disparities without waiting for Congress to act. The president could wield the power of the public purse by introducing new standards making it hard for companies with huge CEO-worker pay gaps to land a lucrative federal contract. The federal government has often used incentives for federal contractors like this, but hasn’t implemented an incentive to limit pay disparities. They have required contractors to enforce higher minimum wages and limited companies’ stock buybacks. This method isn’t as effective as Congress passing new laws, but it’s easy for President Biden to enact, today. Last year, Inequality.org and the Institute for Policy Studies analyzed 100 major corporations with notoriously low wages, finding that chief executives raked in $15.3 million on average in 2022, while median worker pay averaged just $31,672. Over half of these companies receive taxpayer-funded federal contracts, worth $24 billion over the last three years. It’s time for President Biden to limit CEO pay. [Add your name: no federal contracts for companies with excessive CEO pay.]( Thanks for taking action with us. Chuck Collins, for the Inequality.org team All data sourced from Inequality.org's report [Executive Excess 2023](. Inequality.org is your portal into the world of inequality online — and ongoing efforts to leave our planet a more equal place. [Learn more and read all the latest at Inequality.org]( Contact us at inequality@ips-dc.org Inequality.org is a program of the Institute for Policy Studies 1301 Connecticut Avenue NW Washington, DC 20036 [Facebook]( [Twitter]( [Mother Jones]( Mother Jones and its nonprofit publisher, The Center for Investigative Reporting, do not endorse any political candidate, political organization, commercial product, process, or service, and the views expressed in this communication do not constitute an endorsement, recommendation, or favoring by Mother Jones. This message was sent to {EMAIL}. To change the messages you receive from us, you can [edit your email preferences]( or [unsubscribe from all mailings.]( For advertising opportunities see our online [media kit.]( Were you forwarded this email? [Sign up for Mother Jones' newsletters today.]( [www.MotherJones.com]( PO Box 8539, Big Sandy, TX 75755