Hostess' financial choices may be sound reason for workers' revolt, but they're all too common in modern American business where workers pay has stagnated since the 1970s, while CEO pay has increased by 725 percent. Think that's a typo? It's not.
And according to ThinkProgress, the impetus to protect executives over workers, even during executive-led financial misery, is now simply standard protocol. At the manufacturing company Caterpillar, workers pay was frozen while the CEO received a $17 million raise. And at Citigroup, CEO Vikram Pandit received more than $260 million in compensation even after his company’s stocks lost 88 percent of their value while he was in charge.