Corporations and corporate power

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Carillion, a major global player in the promo­tion of Public-Private Partnerships (P3s) has gone into liquidation in the UK. The collapse of this massive company is a case study of all that is wrong with P3s as an approach to building and operating public infrastructure. Carillion sponsored and financed over 60 P3s but more importantly provided the facility management services for them once construction was com­pleted. It was the second largest builder in the UK. It also held many government outsourcing contracts and undertook project financing as well as construction. 
In this issue: Fossil fuel industry accustomed to guarding the hen house, documents reveal Call for public inquiry into fracking Rosenbluth lecture: Inclusive growth and the future of work BC First Nations and renewable energy BC Budget 2018 recommendations Adult basic education 20th anniversary retrospectives Submissions to the new BC government from the CCPA–BC Photos from the 2017 Gala 2017 Power of Youth Awards A crucial time of year for us
The eleventh in an annual series, this year's report on CEO compensation finds that, for the first time, Canada’s 100 highest paid CEOs netted 209 times more than the average worker made in 2016. Canadian CEOs are again taking home pre-2008-crisis levels of compensation, pushing the income gap between Canada’s top executives and the average worker to record highs.
OTTAWA - Pour la première fois de l'histoire, les 100 hauts dirigeants les mieux rémunérés du Canada ont gagné 209 fois plus que le travailleur moyen en 2016, révèle un nouveau rapport du Centre canadien de politiques alternatives. Le rapport indique que les 100 PDG les mieux rémunérés des sociétés sur l'indice composé S&P/TSX touchent maintenant en moyenne 10,4 millions de dollars, soit 209 fois le revenu moyen de 49 738 $, en hausse par rapport à 193 fois plus en 2015.
OTTAWA – For the first time, Canada’s 100 highest paid CEOs netted 209 times more than the average worker made in 2016, according to a new report from the Canadian Centre for Policy Alternatives (CCPA). The report shows the country’s highest 100 paid CEOs on the S&P/TSX Composite index now make, on average, $10.4 million — 209 times the average income of $49,738, up from 193 times more in 2015.
Disruption. It’s the catchphrase du jour, usually wielded by one presumptuous tech upstart or another to challenge the market power of an allegedly ossifying incumbent. Frequently, but not always, to justify the displacement of low- or middle-income workers with an even more precarious, low-cost, on-demand workforce.
Andrés Manuel López Obrador at a rally in San Baltazar, Chichicapam, Oaxaca in March 2016 (Wikimedia Commons)