Pandemic Threatens To Make Pay Divide Between CEOs And Employees Worse | NBC Nightly News

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WORKERS THAT THE PANDEMIC IS THREATENING TO MAKE PANDEMIC IS THREATENING TO MAKE WORSE. THREATENING TO MAKE WORSE. HERE’S CYNTHIA WORSE. HERE’S CYNTHIA McFADDEN. HERE’S CYNTHIA McFADDEN. >> Reporter: JAMEL McFADDEN. >> Reporter: JAMEL BROWN MAKES $13.77 AN >> Reporter: JAMEL BROWN MAKES $13.77 AN HOUR, CLEANING A VERY BROWN MAKES $13.77 AN HOUR, CLEANING A VERY BUSY EMERGENCY HOUR, CLEANING A VERY BUSY EMERGENCY DEPARTMENT AT THIS BUSY EMERGENCY DEPARTMENT AT THIS HOSPITAL IN KANSAS DEPARTMENT AT THIS HOSPITAL IN KANSAS CITY, MISSOURI. HOSPITAL IN KANSAS CITY, MISSOURI. >> I’M NOT GREEDY. CITY, MISSOURI. >> I’M NOT GREEDY. I JUST WANT TO GET BY. >> I’M NOT GREEDY. I JUST WANT TO GET BY. >> Reporter: COVID HAS I JUST WANT TO GET BY. >> Reporter: COVID HAS MADE IT PARTICULARLY >> Reporter: COVID HAS MADE IT PARTICULARLY DIFFICULT THIS YEAR MADE IT PARTICULARLY DIFFICULT THIS YEAR WITH SOME WORKERS HE DIFFICULT THIS YEAR WITH SOME WORKERS HE SAYS QUITTING OUT OF WITH SOME WORKERS HE SAYS QUITTING OUT OF FEAR. SAYS QUITTING OUT OF FEAR. SO YOU WERE WORKING FEAR. SO YOU WERE WORKING ESPECIALLY HARD? SO YOU WERE WORKING ESPECIALLY HARD? >> YES, MA’AM. ESPECIALLY HARD? >> YES, MA’AM. >> Reporter: ON HIS >> YES, MA’AM. >> Reporter: ON HIS FEET ALL DAY, RISKING >> Reporter: ON HIS FEET ALL DAY, RISKING HIS OWN HEALTH BUT NOT FEET ALL DAY, RISKING HIS OWN HEALTH BUT NOT MAKING ENOUGH TO RENT HIS OWN HEALTH BUT NOT MAKING ENOUGH TO RENT AN APARTMENT, HE MAKING ENOUGH TO RENT AN APARTMENT, HE CRASHES AT HIS AN APARTMENT, HE CRASHES AT HIS SISTER’S AND TALKS TO CRASHES AT HIS SISTER’S AND TALKS TO US FROM HIS CAR. SISTER’S AND TALKS TO US FROM HIS CAR. DID YOU GET A BONUS US FROM HIS CAR. DID YOU GET A BONUS FOR THAT EXTRA HARD DID YOU GET A BONUS FOR THAT EXTRA HARD WORK? FOR THAT EXTRA HARD WORK? >> WE DIDN’T GET WORK? >> WE DIDN’T GET NOTHING. >> WE DIDN’T GET NOTHING. >> Reporter: NOTHING? NOTHING. >> Reporter: NOTHING? >> NOTHING. >> Reporter: NOTHING? >> NOTHING. WE DIDN’T GET HAZARD >> NOTHING. WE DIDN’T GET HAZARD PAY. WE DIDN’T GET HAZARD PAY. WE DIDN’T GET A BONUS. PAY. WE DIDN’T GET A BONUS. >> Reporter: WHAT HE WE DIDN’T GET A BONUS. >> Reporter: WHAT HE DID GET WAS COVID. >> Reporter: WHAT HE DID GET WAS COVID. WHEN HE GOT BACK TO DID GET WAS COVID. WHEN HE GOT BACK TO WORK, THEY MADE HIM WHEN HE GOT BACK TO WORK, THEY MADE HIM EMPLOYEE OF THE MONTH WORK, THEY MADE HIM EMPLOYEE OF THE MONTH AND GAVE HIM A $6 EMPLOYEE OF THE MONTH AND GAVE HIM A $6 VOUCHER TO THE AND GAVE HIM A $6 VOUCHER TO THE CAFETERIA. VOUCHER TO THE CAFETERIA. >> IT FELT LIKE A SLAP CAFETERIA. >> IT FELT LIKE A SLAP IN THE FACE. >> IT FELT LIKE A SLAP IN THE FACE. >> Reporter: WHILE IN THE FACE. >> Reporter: WHILE JAMEL GOT NO BUMP IN >> Reporter: WHILE JAMEL GOT NO BUMP IN HIS SALARY NEW FEDERAL JAMEL GOT NO BUMP IN HIS SALARY NEW FEDERAL FILINGS REVEAL HCA HIS SALARY NEW FEDERAL FILINGS REVEAL HCA HEALTHCARE, WHICH OWNS FILINGS REVEAL HCA HEALTHCARE, WHICH OWNS THE HOSPITAL, GAVE ITS HEALTHCARE, WHICH OWNS THE HOSPITAL, GAVE ITS CEO, SAMUEL HAYESEN, A THE HOSPITAL, GAVE ITS CEO, SAMUEL HAYESEN, A 13% RAISE, BRINGING CEO, SAMUEL HAYESEN, A 13% RAISE, BRINGING HIM TO A WHOPPING $30 13% RAISE, BRINGING HIM TO A WHOPPING $30 MILLION A YEAR. HIM TO A WHOPPING $30 MILLION A YEAR. OVER 500 TIMES THE MILLION A YEAR. OVER 500 TIMES THE AVERAGE HCA WORKER AND OVER 500 TIMES THE AVERAGE HCA WORKER AND 1,000 TIMES JAMEL’S AVERAGE HCA WORKER AND 1,000 TIMES JAMEL’S PAY. 1,000 TIMES JAMEL’S PAY. >> PAY US FAIR WAGES. PAY. >> PAY US FAIR WAGES. TREAT US LIKE WE TREAT >> PAY US FAIR WAGES. TREAT US LIKE WE TREAT YOUR PATIENTS. TREAT US LIKE WE TREAT YOUR PATIENTS. >> Reporter: JAMEL’S YOUR PATIENTS. >> Reporter: JAMEL’S UNION HAS BEEN ASKING >> Reporter: JAMEL’S UNION HAS BEEN ASKING FOR $15 AN HOUR FOR UNION HAS BEEN ASKING FOR $15 AN HOUR FOR FOLKS LIKE HIM, WHO’VE FOR $15 AN HOUR FOR FOLKS LIKE HIM, WHO’VE RECEIVED NO INCREASE FOLKS LIKE HIM, WHO’VE RECEIVED NO INCREASE FOR TWO YEARS. RECEIVED NO INCREASE FOR TWO YEARS. HCA, WHICH OWNS 200 OR FOR TWO YEARS. HCA, WHICH OWNS 200 OR SO HOSPITALS, HAD HCA, WHICH OWNS 200 OR SO HOSPITALS, HAD REPEATEDLY SAID NO. SO HOSPITALS, HAD REPEATEDLY SAID NO. BUT FINALLY AGREED REPEATEDLY SAID NO. BUT FINALLY AGREED LAST WEEK TO THE BUT FINALLY AGREED LAST WEEK TO THE INCREASE FOR KANSAS LAST WEEK TO THE INCREASE FOR KANSAS CITY WORKERS ONLY INCREASE FOR KANSAS CITY WORKERS ONLY AFTER NBC NEWS CITY WORKERS ONLY AFTER NBC NEWS CONTACTED THEM. AFTER NBC NEWS CONTACTED THEM. MR. HAZEN DECLINED TO CONTACTED THEM. MR. HAZEN DECLINED TO TALK TO NBC NEWS. MR. HAZEN DECLINED TO TALK TO NBC NEWS. HCA SAYING IN PART, TALK TO NBC NEWS. HCA SAYING IN PART, "WE VALUE OUR HCA SAYING IN PART, "WE VALUE OUR COLLEAGUES AND ARE "WE VALUE OUR COLLEAGUES AND ARE COMMITTED TO OFFERING COLLEAGUES AND ARE COMMITTED TO OFFERING COMPETITIVE COMMITTED TO OFFERING COMPETITIVE COMPENSATION AND COMPETITIVE COMPENSATION AND BENEFITS." COMPENSATION AND BENEFITS." AND YET THE GREAT BENEFITS." AND YET THE GREAT NATIONAL DIVIDE AND YET THE GREAT NATIONAL DIVIDE BETWEEN THE INCOME OF NATIONAL DIVIDE BETWEEN THE INCOME OF THOSE AT THE TOP AND BETWEEN THE INCOME OF THOSE AT THE TOP AND THOSE AT THE BOTTOM THOSE AT THE TOP AND THOSE AT THE BOTTOM PERSISTS. THOSE AT THE BOTTOM PERSISTS. THE HEADS OF PERSISTS. THE HEADS OF CORPORATIONS LIKE GE, THE HEADS OF CORPORATIONS LIKE GE, STARBUCKS AND ACUITY CORPORATIONS LIKE GE, STARBUCKS AND ACUITY BRANDS RECEIVED MORE STARBUCKS AND ACUITY BRANDS RECEIVED MORE THAN 1,000 TIMES THEIR BRANDS RECEIVED MORE THAN 1,000 TIMES THEIR AVERAGE WORKERS LAST THAN 1,000 TIMES THEIR AVERAGE WORKERS LAST YEAR, WITH WALGREEN’S AVERAGE WORKERS LAST YEAR, WITH WALGREEN’S THEN CEO EARNING OVER YEAR, WITH WALGREEN’S THEN CEO EARNING OVER 500 TIMES. THEN CEO EARNING OVER 500 TIMES. NONE OF THOSE CEOs 500 TIMES. NONE OF THOSE CEOs AGREED TO SPEAK WITH NONE OF THOSE CEOs AGREED TO SPEAK WITH NBC NEWS. AGREED TO SPEAK WITH NBC NEWS. EACH COMPANY SAYING NBC NEWS. EACH COMPANY SAYING THEIR PRACTICES ALIGN EACH COMPANY SAYING THEIR PRACTICES ALIGN WITH THEIR THEIR PRACTICES ALIGN WITH THEIR SHAREHOLDERS’ WITH THEIR SHAREHOLDERS’ INTERESTS AND THAT THE SHAREHOLDERS’ INTERESTS AND THAT THE CEO WILL TAKE A HIT IF INTERESTS AND THAT THE CEO WILL TAKE A HIT IF THEIR STOCK PRICE CEO WILL TAKE A HIT IF THEIR STOCK PRICE FALLS. THEIR STOCK PRICE FALLS. BUT SINCE 1978 CEO FALLS. BUT SINCE 1978 CEO COMPENSATION HAS RISEN BUT SINCE 1978 CEO COMPENSATION HAS RISEN OVER 1,000%. COMPENSATION HAS RISEN OVER 1,000%. COMPARED WITH ONLY A OVER 1,000%. COMPARED WITH ONLY A 14% INCREASE FOR COMPARED WITH ONLY A 14% INCREASE FOR AVERAGE WORKERS. 14% INCREASE FOR AVERAGE WORKERS. IN THEORY, CEOs ARE AVERAGE WORKERS. IN THEORY, CEOs ARE HANDSOMELY PAID TO IN THEORY, CEOs ARE HANDSOMELY PAID TO INCREASE A COMPANY’S HANDSOMELY PAID TO INCREASE A COMPANY’S VALUE. INCREASE A COMPANY’S VALUE. >> THE PROBLEM IS NOT VALUE. >> THE PROBLEM IS NOT THAT SOMEBODY’S >> THE PROBLEM IS NOT THAT SOMEBODY’S GETTING PAID A LOT OF THAT SOMEBODY’S GETTING PAID A LOT OF MONEY. GETTING PAID A LOT OF MONEY. THE PROBLEM IS THEY MONEY. THE PROBLEM IS THEY GET PAID WHETHER THEY THE PROBLEM IS THEY GET PAID WHETHER THEY DO WELL OR WHETHER GET PAID WHETHER THEY DO WELL OR WHETHER THEY DO BADLY. DO WELL OR WHETHER THEY DO BADLY. >> Reporter: GREN THEY DO BADLY. >> Reporter: GREN GLENN KELMAN, THE CEO >> Reporter: GREN GLENN KELMAN, THE CEO OF REDFIN, A REAL GLENN KELMAN, THE CEO OF REDFIN, A REAL ESTATE BROKERAGE FIRM, OF REDFIN, A REAL ESTATE BROKERAGE FIRM, IS BUCKING THE TREND. ESTATE BROKERAGE FIRM, IS BUCKING THE TREND. UNDER KELMAN’S IS BUCKING THE TREND. UNDER KELMAN’S LEADERSHIP REDFIN MORE UNDER KELMAN’S LEADERSHIP REDFIN MORE THAN TRIPLED IN VALUE LEADERSHIP REDFIN MORE THAN TRIPLED IN VALUE TO JUST UNDER $7 THAN TRIPLED IN VALUE TO JUST UNDER $7 BILLION. TO JUST UNDER $7 BILLION. HE OWNS A VALUABLE BILLION. HE OWNS A VALUABLE CHUNK OF COMPANY STOCK HE OWNS A VALUABLE CHUNK OF COMPANY STOCK BUT MAKES ONLY 14 CHUNK OF COMPANY STOCK BUT MAKES ONLY 14 TIMES HIS AVERAGE BUT MAKES ONLY 14 TIMES HIS AVERAGE EMPLOYEE AND SAYS TIMES HIS AVERAGE EMPLOYEE AND SAYS THAT’S PLENTY. EMPLOYEE AND SAYS THAT’S PLENTY. >> I DON’T THINK I THAT’S PLENTY. >> I DON’T THINK I DESERVE A NOBEL PRIZE >> I DON’T THINK I DESERVE A NOBEL PRIZE FOR THAT. DESERVE A NOBEL PRIZE FOR THAT. >> Reporter: IN 2019 FOR THAT. >> Reporter: IN 2019 HIS ANNUAL INCOME >> Reporter: IN 2019 HIS ANNUAL INCOME INCLUDING STOCK WAS HIS ANNUAL INCOME INCLUDING STOCK WAS ABOUT $1 MILLION. INCLUDING STOCK WAS ABOUT $1 MILLION. LAST YEAR HE DIDN’T ABOUT $1 MILLION. LAST YEAR HE DIDN’T TAKE A SALARY. LAST YEAR HE DIDN’T TAKE A SALARY. >> SHAREHOLDERS AND TAKE A SALARY. >> SHAREHOLDERS AND INVESTORS ARE WAKING >> SHAREHOLDERS AND INVESTORS ARE WAKING UP TO THE IDEA THAT INVESTORS ARE WAKING UP TO THE IDEA THAT LOTS OF PEOPLE CREATE UP TO THE IDEA THAT LOTS OF PEOPLE CREATE SHAREHOLDER VALUE AND LOTS OF PEOPLE CREATE SHAREHOLDER VALUE AND THE BEST WAY TO DO IT SHAREHOLDER VALUE AND THE BEST WAY TO DO IT OVER THE LONG HAUL THE BEST WAY TO DO IT OVER THE LONG HAUL ISN’T TO JUST BET ON OVER THE LONG HAUL ISN’T TO JUST BET ON ONE GUY OR ONE WOMAN ISN’T TO JUST BET ON ONE GUY OR ONE WOMAN BUT TO BET ON THE ONE GUY OR ONE WOMAN BUT TO BET ON THE WHOLE COMPANY. BUT TO BET ON THE WHOLE COMPANY. AND ALL THE PEOPLE WHOLE COMPANY. AND ALL THE PEOPLE BEHIND IT. AND ALL THE PEOPLE BEHIND IT. >> Reporter: THAT BEHIND IT. >> Reporter: THAT SOUNDS A LOT LIKE WHAT
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Channel: NBC News
Views: 17,057
Rating: 4.7344398 out of 5
Keywords: Nightly News, U.S. News, NBC Nightly News with Lester Holt, nbc news, news, breaking news, us news, world news, politics, current events, top stories, business, health, nbc nightly news, lester holt, nbc news lester holt, nbc nightly news episode, nbc news full, nightly news full, Pandemic Threatens, General Electric, Starbucks, Missouri hospital, pandemic, covid-19, outbreak, coronavirus pandemic, coronavirus outbreak, covid-19 news, covid-19 updates, covid-19 outbreak, corona
Id: zsKXvwoZXys
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Length: 3min 52sec (232 seconds)
Published: Wed Apr 07 2021
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