The way you functionally subsidize companies paying low-wages to workers– ponying up the difference between what McDonald’s and others pay and what those workers need to live via taxpayer-paid SNAP (food stamps) and other benefits– is a hidden cost in plain sight. You’re already paying higher prices via higher taxes; you just may not know it.
|By: Peter Van Buren Wednesday August 27, 2014 2:25 pm|
|By: Gary Cohn Wednesday August 6, 2014 3:51 pm|
One night last year, as the public debate about economic inequality began to sharpen, California State Senator Mark DeSaulnier (D-Concord) was walking to the Berkeley premiere of a documentary film focused on that very subject. Inequality for All, narrated by former U.S. Labor Secretary Robert Reich, had been executive-produced by the man DeSaulnier was walking with that evening, Stephen M. Silberstein. At the time, DeSaulnier was casting about for ways to attack economic inequality and during their walk Silberstein, a software entrepreneur and philanthropist, mentioned an idea he’d been working on to help tackle the problem.
Until the 1980s, corporate CEOs were paid 30 times the amount the average worker received, but today, according to some conservative estimates, they make about 330 times that.
|By: masaccio Monday May 20, 2013 4:16 pm|
On May 21, shareholders of JPMorgan Chase will have the opportunity to express their views of the Chairman/CEO of the mega-bank, and PR people have been filling the inboxes of every possible media outlet. They even got to the New York Post which ran an Op-Ed by Charlie Gasparino on Dimon’s bad feeling about splitting the roles of Chairman of the Board and Chief Operating Office.
|By: amerigus Monday November 26, 2012 9:20 am|
Each Black Friday we hear all about Walmart, from the jaw-dropping discounts that make competing customers resort to gunplay – to the deaths by trampling. This year, we’ve been hearing about coordinated strikes, walk-outs and protests as Walmart workers have begun to resent the depths of their corporate exploitation.
But we don’t hear about the rampant corruption charged in Walmart’s expansion operations as multiple bribery probes continue to widen.Walmart is the biggest retailer in known history, employing one million US workers and making $3.63 billion in profits just in the most recent quarter.
|By: Teddy Partridge Monday July 16, 2012 5:30 pm|
If, as claimed by both Bain and Mitt Romney (separately, ha-ha) he was not, as attested in documents filed with the Securities and Exchange Commission, the Chief Executive Officer, the President, the Chairman of the Board, the managing director and the sole stockholder, then who was? Bain (and Romney) must produce this shy, disinclined-to-sign person who allowed someone to sign in his stead for three years while, in fact, he was in charge.