Robert Reich: The biggest business con of 2019 — fleecing workers while bosses get rich
Corporate social responsibility is the second-biggest con of 2019 (Donald Trump remains in first place). Consider Boeing, whose board just...
Category: CEOs
Cutting Health Benefits of 1,900 Whole Food Workers Saved World’s Richest Man Jeff Bezos What He Makes in Less Than Six Hours
When billionaire Jeff Bezos cut health benefits on September 13 for part-time workers at his grocery store Whole Foods the...
Elizabeth Warren Welcomes Wall Street Fear of Her Campaign
Her poll numbers have risen steadily in recent weeks but Sen. Elizabeth Warren on Tuesday night celebrated a contingent of voters...
Drug makers flooded US with billions of opioid pills as epidemic surged, data shows
Drug makers and distributors flooded the US with more than 75bn opioid pills in the crucial years when the country’s epidemic...
Uber founder buys $72.5 million mansion as Uber drivers live in their cars
As rideshare drivers across the U.S. and around the world continue to struggle for decent wages, benefits, and the basic right to...
Bosses pocket Trump tax windfall as workers see job promises vanish
Stephen Smith worked at an AT&T call center in Meriden, Connecticut, for over 20 years before the giant telecoms company...
Insurance CEO Whines That Medicare For All Would Disrupt His Profits
UnitedHealth Group CEO David Wichmann is warning investors that the healthcare market could come crashing down thanks to the push...
Warren Unveils Bill to Punish Criminal CEOs
Massachusetts Senator Elizabeth Warren introduced legislation Wednesday that would make it easier to imprison corporate executives whose companies commit crimes...
Billionaire Howard Schultz is no patriot: Robert Reich
America is the only place in the world where any citizen over the age of 35 can run for president....
CEO Pleads Guilty To Fraud After Dispensing Millions of Opioid Painkillers
A wealthy CEO might actually be heading to prison – a rare occurrence in America today. Mashiyat Rashid, the CEO of...
Study Finds That Average CEO-To-Worker Pay Gap Has Now Reached 339 to 1
The first comprehensive study of the massive pay gap between the US executive suite and average workers has found that...
ExxonMobil Sends Its Boss Tillerson Off To D.C. With $180M Golden Parachute to Hustle for Big Oil
ExxonMobil has agreed to provide an investment package worth about $180 million to its outgoing chief executive, Rex Tillerson, letting...
Wells Fargo Hustler CEO John Stumpf Walks Off With $130 Million
Stumpf opted for early retirement amid controversy, but the longtime bank boss is walking away with around $130 million, according...
Fox Pays Gretchen Carlson $20 Million as Restitution for the Sins of Sexual Predator Roger Ailes, Former CEO of Fox News
It has been exactly two months since Gretchen Carlson, a former Fox News anchor, sued her old boss, Roger Ailes,...
Exxon’s CEO Convinces Shareholders that Profit is More Important than Human Survival
After a long battle to even get on the agenda for ExxonMobil’s 2016 Annual Meeting, the company’s shareholders on Wednesday...
Coal Company CEOs Took Huge Raises While Killing Jobs
One of the defining traits of conservatives, particularly wealthy conservatives, is embracing any policy that enriches the already wealthy at...
McDonald’s CEO Admits Obama’s Economy and Higher Wages Is A Huge Success
The CEO of McDonald’s fast food chain, Steve Easterbrook, was pleased to announce that driven by the President’s push for...
Bank CEOs Attempt to Weaken the Consumer Financial Protection Bureau
You’ll never guess who’s going around Washington, trolling the halls of Congress, talking about the importance of protecting the long-term...
Bernie Sanders rejects meeting and donation from greed-head drug CEO Martin Shkreli
The most hated man in America — at least a couple weeks ago — just got the back of Bernie...
Top Oil Executives Get Rich While Destroying the Climate
A new study has found that top oil and gas executives receive massive bonuses for making decisions that ultimately have...
Warren Victory: Companies Must Now Disclose How Much More Their CEOs Make Than Their Average Worker
The Securities and Exchange Commission on Wednesday approved a rule requiring companies to release key executive compensation information. The CEO...
CEO Gravy Train: Top Execs Rake It In At 300 Times The Rate Of Their Workers
The chief executive officers of America’s largest firms earn three times more than they did 20 years ago and at...
Hotel Industry Calls Wage Hikes For Workers ‘Extreme’ While Its CEOs Rake in Millions
Hotels are making a killing. Occupancy rates are exceeding pre-recession highs, and are expected to reach record levels in 2016....
‘Right to Work’ Benefits CEOs, Not Workers
Earlier this month, in the sparsely populated Kentucky county that’s home to Bowling Green, officials voted to convert the place...
Opinion: Shame is good. Shame is right. Shame works.
Does trumpeting scoundrels’ misdeeds set them straight? Edward Lampert, chairman and CEO of Sears Holdings, received positive reviews from only...
American Society’s Real Moochers: CEOs
Holiday bells are silent in the homes of America’s struggling working poor, even with gasoline prices at their lowest levels...
How CEOs Are Rigging The Game To Get Paid More
The paranoid water-cooler lament that the boss has rigged the rules so that he will get paid even if he...
‘Poster Boy for Malevolent Big Business’ Indicted Over Fatal Coal Mine Disaster
Don Blankenship, the former CEO of coal giant Massey Energy, faces up to 31 years in prison after a federal...
Wells Fargo Employee Calls Out CEO’s Pay, Requests Company-Wide Raise In Brave Email
When most employees want a raise, they schedule a meeting with their supervisor or reach out to human resources. A...
CEOs Get Paid Too Much, According to Pretty Much Everyone in the World
Rumblings of discontent about executive wages, the 1 Percent, and wealth gaps know no borders. And neither does fierce debate...
New Scorecard Grades CEO Pay Reform
The Institute for Policy Studies’ 2014 Executive Pay Reform Scorecard – part of the just-released latest edition of the IPS...
Lavish CEO Pay Has Virtually Nothing To Do With How Well A Company Performs
CEOs like to justify their sky-high pay by saying it rewards their work in steering companies toward better performance. But...
Restaurant CEOs Make More Money in Half a Day Than Their Employees Make in a Year
Last year, according to a new analysis from the Economic Policy Institute (EPI), the CEOs of America’s top 25 restaurant...
State and Local Efforts to Rein in CEO Pay
Fed up with the do-nothing Congress, people around the country are no longer waiting for Washington to lead on some...
A Cure for Bloated CEO Pay
Business owners usually don’t like it when their employees steal from them. For this reason is it is hard to...
America’s CEOs: In a Class All by Themselves
Workers in the United States don’t make double what workers make in Japan or Switzerland. Why should U.S. CEOs routinely...
Walmart’s Top-to-Bottom Taxpayer Subsidies
Low-income families weren’t the only ones hurt by cuts to food stamps last fall. Top Walmart executives also took a...
Is CEO Pay and Performance Linked? Not for Coca-Cola
The CEO and other top executives at Coca-Cola have been giving themselves lavish bonus packages. According to the calculations of...
Walmart’s Executive Bonuses Cost Taxpayers Millions
Walmart has been widely criticized for shifting the costs of its low-wage model onto taxpayers. This report, co-published by IPS...
Executive pay is an insult to working families
Memorial Day is in the rear-view mirror, but here’s one more thing to remember: American chief executives make too darn...
Top-paid CEOs get 400% raises — you’ll get 2.9%
While many companies doled out seven-figure raises for their top brass last year, they were far more stingy with the...
Median CEO Pay Passes The $10 Million Mark For First Time
The median CEO pay package hit $10.5 million last year, according to the Associated Press, cracking eight figures for the...
Obscenely high CEO salaries are stark marker of U.S. wealth gap
A beginning elementary school teacher in a small district in California makes around $40,000 per year. That’s 2 or 3...
Coke’s executive pay: Fueled by corporate cronyism
Coke has recently come under fire for what it pays its top executives. The overlapping roles that board members play...
Salary of McDonald’s CEO should be slashed, activist shareholders say
The salary of McDonald’s CEO Donald Thompson should be slashed by the company’s Board of Directors due to the chain’s...
The Big Tip that America’s Servers Never See
A good many Americans now know the high-finance games that JPMorgan Chase and other big banks like to play —...
