New data reveals a massive “transfer of wealth” from the working class, which is paying higher prices as consumers, to the investor class reaping the financial benefits. As inflationary pressure drives up costs throughout the economy, a new analysis out Wednesday reveals that corporations are raking in record profits by jacking up prices at the grocery store, gas pump, and […]
Bonuses alone for executives at 28 of the top oil and gas companies combined topped $31 million combined. Research out Monday reveals that CEOs from 28 of the top oil and gas companies enjoyed a combined $394 million in total compensation in 2021, including through “eye-popping” bonuses that together topped $31 million. The analysis from Accountable.US, first reported by The Guardian, […]
“CEOs can’t stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring,” said one expert. Federal data released Wednesday shows that U.S. corporate profits jumped 25% to record highs in 2021 even as the coronavirus pandemic wreaked havoc on the nation’s economy, disrupting supply chains, hammering low-wage workers, and helping to […]
“While business booms and the pandemic rages, the rich are getting richer—and workers are getting sicker.” Frontline retail workers have been lauded by U.S. corporations as “heroes” this year for keeping operations running during the Covid-19 outbreak, but a new study shows how companies like Dollar General and Walmart—which have made massive profits over recent months—have treated their […]