New Legislation Is Taking Aim at the Corporate Pay Gap
The corporate pay gap is rapidly widening. A proposed law would raise taxes on companies whose CEOs make 50 times more than the median pay of their employees.
14 Articles by: Lucy Dean Stockton
Lucy Dean Stockton is the news editor at the Lever.
A Former Maryland Governor Ignored Warnings About Megaships
As Maryland governor, current GOP senate candidate Larry Hogan flouted safety warnings and sought to attract massive cargo vessels to Baltimore’s port — vessels just like the one that crashed into the Key Bridge last week.
Cargo Giant in Baltimore Crash Silenced Whistleblowers
The company responsible for the Baltimore bridge collapse blocked its employees from reporting safety concerns to the US Coast Guard. It is now being sanctioned by federal regulators for violating a whistleblower protection law.
Boeing’s Profit Seeking Puts Passengers in Danger
Earlier this month, a gaping hole opened in the side of a Boeing airplane with hundreds of passengers on board. If Boeing had prioritized safety upgrades over lavish executive salaries and stock buybacks, this disaster might not have happened.
Before the Boeing Disaster, the Company Lobbied Lawmakers to Deregulate Airplane Safety
Despite allegations of “excessive” defects ahead of the recent Boeing disaster, the company and its parts supplier, Spirit AeroSystems, used their deep pockets to lobby Washington to reduce safety regulations.
Workers at a Boeing Supplier Raised Issues About Defects. The Company Didn’t Listen.
Weeks before the door plug blew out of an Alaska Airlines flight over Portland, Oregon, on January 5, grounding more than 150 Boeing aircraft, workers at the part’s reported manufacturer had been warning of safety concerns — but management ignored them.
Clarence Thomas Is Committing Tax Fraud
For years, conservative billionaires have treated Supreme Court justice Clarence Thomas to opulent vacations and trips on their private jets. If these were anything other than disinterested gifts, then they’re taxable — and Thomas owes the IRS a huge bill.
Military Contractors Are Framing the Israeli War on Gaza as a Win for Investors
This week, arms industry executives at both Raytheon and General Dynamics spoke candidly about how Israel’s war on Gaza will be good for business.
Cable News Keeps Inviting Defense Industry Shills to Explain the War on Gaza
As Israel mercilessly bombs Gaza, cable news channels are inviting defense officials turned industry consultants onto their shows to explain the war — and usually to justify the unjustifiable.
The New York Legislature Could Help Free the Global South From Crushing Debt
An escalating sovereign debt crisis is crippling governments across the Global South and making billions for Wall Street. Activists hope to crack down on these debt vultures by pushing the New York State Legislature to ban their most predatory tactics.
Medicare Advantage Is a $140 Billion Scam
According to a bombshell new report, the federal government is losing as much as $140 billion per year by subsidizing Medicare Advantage, the privatized insurance scheme managing health care for seniors.
Automakers Are Investing in Stock Buybacks Instead of Workers and Electric Vehicles
Big Three executives are claiming that UAW demands, including a just green transition, are too expensive. This is an obvious misdirection: the real sap on company finances is the billions of dollars in stock buybacks and executive compensation.
Big Three Autoworkers Are Striking Against Concessions While Shareholders Reap a Bonanza
This morning, the United Auto Workers launched a landmark strike against the Big Three automakers for their refusal to provide adequate pay and job security. Meanwhile, over the last year, the automakers have authorized $5 billion in stock buybacks.
Capitalist Greed Fueled the Catastrophic Hawaii Wildfires
Wildfires in Hawaii have killed over 100 people, and hundreds remain missing. From draining historic wetlands to failing to invest in safe energy infrastructure, the capitalist thirst for profits above all else helped create the disaster.