The 100 Largest Low-Wage Employers Have Spent $341 Billion on Stock Buybacks Since 2020
A new report reveals how stock buybacks have inflated CEO paychecks and widened pay gaps at the 100 largest low-wage corporations.
Unlikely Allies Warren and Vance Join Forces to Claw Back Banker Pay
Their bipartisan plan is a step forward, but regulators already have the power to crack down on Wall Street’s reckless bonus culture.
Wall Street Bonuses Decline But Still Dwarf Worker Pay Increases Since 2008 Crash
Since 2008, the average Wall Street bonus has climbed by more than 75 percent, compared to just a 54 percent increase in average earnings of all private sector workers and a 42 percent rise in manufacturing wages. If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $42.37 today.
Wall Street Won’t Regulate Greenhouse-Gas Emissions by Itself
When it’s a choice between averting catastrophe and making money, Wall Street will always choose making money.
Janet Yellen’s Noble Effort Comes to Naught
To end the tax games rich people play, we need more oomph than isolated officials can deliver.
Biden Budget Takes a Step Toward Corralling Out-Of-Control CEO Pay
Administration proposal would restrict insider trades, and impose a tax on stock buybacks that largely benefit the fat cats.
Wall Street Bonuses Soar by 20 Percent, Nearly 5 Times the Increase in U.S. Average Weekly Earnings
If the minimum wage had increased as much as Wall Street bonuses since 1985, it would be worth $61.75 today.
While Professing BLM Support, Wall Street Banks Reject Racial Equity Audits
JPMorgan Chase CEO Jamie Dimon is urging shareholders to vote against a proposed review of the impact of bank policies and practices on racial inequality.
If the Minimum Wage Had Increased as Much as Wall Street Bonuses Since 1985, It Would Be Worth $44 Today
The 2020 bonus pool for 182,100 securities industry employees could pay for more than 1 million jobs at a $15 minimum wage for a year.
How the CEO-Worker Pay Gap Deepens Income and Wealth Inequality
While working families are suffering under the pandemic, corporate boards have bent the rules to protect massive CEO paychecks.
The Rich Are Cheering Wall Street’s Latest Records. Americans of Modest Means Are Draining 401(k)s.
The nation’s woefully inadequate response to the pandemic is jeopardizing millions of retirement futures.
Report: Billionaire Bonanza 2020
Billionaire wealth has grown astoundingly over the last few decades — and, for some “pandemic profiteers,” even more dramatically since the COVID-19 crisis.
Should Zoom Be a Public Utility?
Online platforms like Zoom and Skype have become basic, public necessities as our lives are upended by the coronavirus. Should they be nationalized?
Activists Follow the Money Fueling Amazon Fires
Protesters around the world are singling out the bad actors like Blackrock, Cargill, ADM, and others for profiting off deforestation.
How Wall Street Drives Gender and Racial Inequality
If the minimum wage had kept up with Wall Street bonuses, it would be worth $33 today, instead of just $7.25.