Reports

Perks of Price-Gouging: Big Oil CEOs Receive up to 126% Pay Raise After Record Year

Energy and the Environment
March 21, 2023

Two of the world’s largest oil companies, Shell and BP gave their CEOs massive pay increases after the industry raked in a record-breaking $451 billion in profits last year. Former CEO of Shell, Ben van Beurden, received $12 million in 2022, a 50% raise in compensation. The CEO of BP, Bernard Looney, received a 126% increase in compensation.

Reports

Report: Big Meatpackers Tied to Child Labor Exploitation Have Long Histories Of Worker Abuses and Profiteering

Economic Security and Corporate Power
March 21, 2023

A new review from government watchdog Accountable.US found meatpackers that own plants named in a recent federal illegal child labor citation have histories of more widespread labor abuses, price hiking, and soaring profits. In February 2023, the U.S. Labor Department imposed $1.5 million in child labor fines against Packers Sanitation, Inc.

Reports

Federal Reserve Members Threaten More “‘Pain’” For Working Families As Top Economic Experts And Other Prominent Voices Warn Interest Rate Hikes Could Backfire

Economic Security and Corporate Power
November 10, 2022

The Federal Open Markets Committee (FOMC), the Federal Reserve body which determines interest rates, was expected to continue hiking rates in November and December 2022 despite warnings that doing so would cause a recession and add as many as 3.2 million people to unemployment lines by the end of 2023.

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