New research from the Institute for Policy Studies shows that 100 major U.S. companies are prioritizing share repurchases and exorbitant CEO pay at the expense of their employees. An analysis published Thursday shows that the 100 leading U.S. corporations with the lowest median worker pay poured more than half a trillion dollars into stock buybacks […]
[content id=”79272″] “We’re going to be aggressively buying back, and consistently,” said Morgan Stanley chief executive James Gorman. For millions of regular Americans, the end of 2020 was marked by economic distress, with millions suffering pandemic-triggered job losses—and thus the loss of their employer-tied health insurance—still waiting on robust economic relief from federal lawmakers, and facing a weak social safety net. For the nation’s […]
As America’s largest banks post record profits, massive companies continue their unprecedented stock buyback spree, and already-obscene CEO pay packages are set to rapidly expand in the aftermath of the Trump-GOP tax cuts, top corporate executives are now openly admitting that they have no plans whatsoever to invest their enormous windfall into wage increases for workers. During what Axios described as a […]