While liberals and journalists love to hype income inequality to slam CEO paychecks and push for a higher minimum wage, a new SEC law shows liberal media CEOs are the ones the media should be criticizing.
On August 8, the Securities and Exchange Commission approved a new rule that requires companies to “disclose the ratio between their chief executives' annual compensation and median, or midpoint, employee pay,” according to the Associated Press.
In honor of the new rule, USA Today published a list of nine CEOs who are paid 800 times their average worker income. Among those listed are three media CEOs -- David Zaslav of Discovery Communications; Les Moonves of CBS; and Robert Marcus, CEO of Time Warner Cable. Two of the three have clearly liberal resumes.
While shaming companies for paying CEOs too much, the media has consistently skipped the fact that they are the worst examples of wage gap, and that it is their own CEOs who are among the most overpaid.
Now that the SEC requires companies to disclose pay differences between CEOs and median employees, it will be harder for the media to ignore their own hypocrisy.
David Zaslav, of Discovery Communications, is paid 2,282 times as much as his average employee. While Zaslav made $156.1 million in 2014, the median Discovery salary was $68,387.
Ironically, the greatest example of the wage gap is also a firm liberal supporter. In 2013, he gave $10,000 to the Democratic Congressional Campaign Committee as well as Another $5,200 to Kentucky Secretary of State Alison Grimes, who came under fire in late 2014 for falsified attack ads.
CBS CEO, Les Moonves was paid 817 times more than his average employees. And yes, this is the same Les Moonves who in June 2015 stiffed a valet because he was only carrying a wad of $100 bills.
In 2012, while in line to attend an Obama fundraiser, Moonves showed his true colors -- and the true colors of CBS -- by stating "Partisanship is very much a part of journalism now."
Finally, Robert Marcus, CEO of Time Warner Cable (which owns of CNN), made $34.6 million last year, compared to the average Time Warner employee salary: $42,881.
According to The National Review, Time Warner, along with its individual employees, have “lavished” support on Democrats and that Marcus’s giving “favors Democrats over Republicans.” Since 2009, Marcus has donated a total of $9,500 to Democrat politicians, more than 50-percent higher than the $6,000 he has given to the GOP.
