Thursday, September 18, 2008

Nicholas Kristof has a new YouTube channel

My favorite journalist has a new YouTube channel for his New York Times videos. I'm the 27th subscriber, and you should be the 28th (or whatever they're up to now)! Here's the one uploaded video so far, about trying to apply for a protest permit in China:

Kristof is also on Facebook. I like Kristof not because he's a great writer, although he is, but because of what he does to highlight vital social justice issues that don't recieve much coverage. Few have done as much as Kristof to highlight both human rights violations AND personal progress in China, and the west's knowledge and awareness of Darfur would not be even what it is without him.

His column today is about CEO pay:
One of our broad national problems is rising inequality, and it is exacerbated by corporate executives helping themselves to shareholders’ cash. Three decades ago, C.E.O.’s typically earned 30 to 40 times the income of ordinary workers. Last year, C.E.O.’s of large public companies averaged 344 times the average pay of workers... A central flaw of [corporate] governance is that boards of directors frequently are ornamental and provide negligible oversight.

As Warren Buffett has said, “in judging whether corporate America is serious about reforming itself, C.E.O. pay remains the acid test.” It’s a test that corporate America is failing.

These Brobdingnagian paychecks are partly the result of taxpayer subsidies. A study released a few weeks ago by the Institute for Policy Studies in Washington found five major elements in the tax code that encourage overpaying executives. These cost taxpayers more than $20 billion a year.

Read the whole thing, the rest of his analysis and examples are well worth it.


Cany said...

Great post and the article was terrific.

CEO pay should be like the bridge to... but, unfortunately, CEO's and powerful lobbyists moot the point. So much needs to be done to shovel us back into one bucket I do NOT envy Obama who, of course, is going to win this election.

kimbatch said...

I agree. And in regards to China, now the Olympic spotlight has moved on to few people are going to be interested in the human rights abuses still happening everyday.

Is anyone going to hold China to account on the promises it made that hosting the Olympics would improve human rights in China?

China’s officials must let people practice whatever religion or spiritual practice they choose. Just like they must let journalists go about their business without censorship, and let peaceful human rights defenders campaign on whatever issues they like, and just like they must let ethnic minorities to express their culture.