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1. There has been a massive failure in CORPORATE leadership during the pandemic
Major retailers are seeing record profits this year
But frontline workers who are putting their lives on the line to generate those profits are getting very little in return https://popular.info/p/the-greed-epidemic
Major retailers are seeing record profits this year
But frontline workers who are putting their lives on the line to generate those profits are getting very little in return https://popular.info/p/the-greed-epidemic
2. Take @Kroger, the nation's largest supermarket chain. It reported over $2B in profit in the first half of the year, up 90% over last year.
Workers, meanwhile, received the equivalent of $0.87 per hour or a 9% increase. https://popular.info/p/the-greed-epidemic
Workers, meanwhile, received the equivalent of $0.87 per hour or a 9% increase. https://popular.info/p/the-greed-epidemic
3. @Kroger workers have not received any extra compensation since May 17, even though hospitalizations for COVID are at an all-time high.
But on September 11, "the company authorized a new $1 billion share buyback program." https://popular.info/p/the-greed-epidemic
But on September 11, "the company authorized a new $1 billion share buyback program." https://popular.info/p/the-greed-epidemic
4. The @kroger stock buyback will likely increase the share price, increasing the compensation for CEO Rodney McMullen.
In 2019, McMullen received $21,129,648 in total compensation, while the median Kroger worker earned $26,790 https://popular.info/p/the-greed-epidemic
In 2019, McMullen received $21,129,648 in total compensation, while the median Kroger worker earned $26,790 https://popular.info/p/the-greed-epidemic
5. @Amazon recorded $6.3B in profit in the 3rd quarter alone -- up 200% from last year!
Hourly workers, meanwhile, have received a 6% increase in compensation (95 cents/hour).
Workers have not received ANY additional pay since May https://popular.info/p/the-greed-epidemic
Hourly workers, meanwhile, have received a 6% increase in compensation (95 cents/hour).
Workers have not received ANY additional pay since May https://popular.info/p/the-greed-epidemic
6. @Amazon stock price is up 65%, adding $73 billion to CEO Jeff Bezos' personal wealth.
At least 19,816 frontline Amazon employees tested positive for COVID since March. https://popular.info/p/the-greed-epidemic
At least 19,816 frontline Amazon employees tested positive for COVID since March. https://popular.info/p/the-greed-epidemic
7. @CVSHealth earned over $6.2 billion in profits in 2020. That's $1.3 billion more than the same period last year.
The only addition compensation for CVS employees was a one-time bonus in March of $150 to $500. That was equivalent to a 2% raise. https://popular.info/p/the-greed-epidemic
The only addition compensation for CVS employees was a one-time bonus in March of $150 to $500. That was equivalent to a 2% raise. https://popular.info/p/the-greed-epidemic
8. @Walmart's net income has so far risen 45% this year to a record $15.6 billion.
The Walton family have added more than $45 billion to its wealth.
Workers received an extra 63 cents per hour. And nothing since August. https://popular.info/p/the-greed-epidemic
The Walton family have added more than $45 billion to its wealth.
Workers received an extra 63 cents per hour. And nothing since August. https://popular.info/p/the-greed-epidemic
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