Bank of America to Pay $6.3 Billion to Settle Mortgage Securities Suit
Bank of America is paying $6.3 billion to settle a lawsuit arising out of troubled mortgage-backed securities it cobbled together...
Author: onepercenttakers
McDonald’s Systematically Steals Worker Wages, Lawsuits Claim
Workers in California, Michigan and New York this week filed six new lawsuits against McDonald’s claiming they were systematically shorted...
For Services Rendered? Wall Street’s Big Paydays For Trade Negotiators
If you take the king’s shilling, says the old saying, then you do the king’s bidding. So what happens when...
The Super Rich Are Richer Than We Thought, Hiding Huge Sums, New Reports Find
A new pair of reports suggests that the super rich are richer than we thought.
McDonald’s CEOs Get Big Pay Increases, Despite Falling Sales
NEW YORK — McDonald’s Corp. more than tripled the pay packages last year for its new CEO Don Thompson and...
Corporate Cronyism: The Secret to Overpaid CEOs
High pay may be understandable when a top executive turns around a failing company or vastly expands a company’s revenue...
One Percenter Convicted Of Raping Child Dodges Jail
A Delaware man convicted of raping his three-year-old daughter only faced probation after a state Superior Court judge ruled he...
Senator Says Caterpillar Avoided Billions in Taxes
WASHINGTON (AP) – Manufacturing giant Caterpillar Inc. has used an aggressive tax strategy to shift profits overseas in order to...
Casino Billionaire Sheldon Adelson Wants U.S. to Nuke Iran
Casino billionaire Sheldon Adelson told a crowd at Yeshiva University in New York on Tuesday that the only proper negotiating...
How McDonald’s and Wal-Mart Became Welfare Queens
The two biggest welfare queens in America today are Wal-Mart and McDonald’s.
Romney’s Wrong, 1 Percenters Are the True Takers
Yes, there are “takers” in the American economy, but they’re not the poor folks Mitt Romney referenced in his now-infamous...
JPMorgan Fails to End Lawsuit Over London Whale Losses
(Reuters) – JPMorgan Chase & Co must face a lawsuit from shareholders accusing it of securities fraud by misleading them...
The Billionaires Bankrolling the Tea Party
There’s just one element missing from these snapshots of America’s ostensibly spontaneous and leaderless populist uprising: the sugar daddies who...
Former CEO: Executive Pay Is ‘A Fraud’
You can blame the stagnant economy on a “handful of women and men” who run the country’s largest companies. And...
Billionaires’ Crybaby Club: Someone Get These Whiners a Bottle!
Does being super-wealthy make you extra susceptible to self-pity today? That’s the only conclusion we can draw from an epidemic...
How Tennessee Politicians Killed Volkswagen Unionization
Right-wing groups may have successfully defeated a unionization bid at Volkswagen’s Chattanooga, Tenn. manufacturing plant, but it wasn’t a clean...
Big Oil Spends Millions Lobbying for Its Subsidies
A new chart released by Stop Fooling California reveals that the oil industry, including the Western States Petroleum Association, Chevron,...
CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law
Former Chief Executive Officer Ron Johnson, 54, of J.C. Penney Co. got a compensation package worth 1,795 times the average...
Fast Food CEO: Low-Paid Managers Prefer ‘Stature’ to Overtime Pay
So-called fast food “managers” who do much of the same work as non-managerial workers, but without being eligible for overtime...
Walmart: The Single Biggest Beneficiary of the Food Stamp Economy
In the series “The Secret Life of a Food Stamp,” Marketplace reporter Krissy Clark traces how big-box stores make billions...
U.S. Corporations Now Hold Over $2 Trillion in Untaxed Profits Overseas: Study
WASHINGTON, April 8 (Reuters) – Foreign profits held overseas by U.S. corporations to avoid taxes at home nearly doubled from...
