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By Eugene Jarecki
By Stanley Kutler
$24.06
$24
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flickr/elycefeliz
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By Ralph Nader —
Many giant profitable U.S. corporations are increasingly abandoning America while draining it at the same time.
Posted on Mar 28, 2013
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PMell2293 (CC-BY)
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You work hard. You pay taxes. But 26 corporations don’t—or at least they didn’t between 2008 and 2011. General Electric, Boeing and Verizon were among the major companies that together enjoyed more than $78 billion in tax subsidies over the last four years, according to a report by Citizens for Tax Justice.
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glennshootspeople (CC-BY)
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By Ken Jacobsen, AlterNet —
Historically, corporations were understood to be responsible to a complex web of constituencies, including employees, communities, society at large, suppliers, and shareholders. But in the era of deregulation, the interests of shareholders began to trump all the others. How can we get corporations to recognize their responsibilities beyond this narrow focus?
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Flickr / ebayink
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Compensation for 25 of the highest-paid U.S. CEOs exceeded the amount their corporations paid in taxes in 2010, according to a study published by a Washington think tank Wednesday. (more)
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AP / J. Scott Applewhite
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By Robert Scheer — Of course it will be argued that multinational corporations have the right to arrange their businesses as they see fit in order to maximize profit. But if that is the case, do beleaguered American taxpayers have to foot the bill?
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AP / J. Scott Applewhite
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By Robert Scheer — Maximizing corporate profits at taxpayers’ expense is what top CEOs are good at, and after all it was Jeffrey Immelt who presided over GE when it got so heavily into the subprime mortgage business that it needed a government bailout to avoid bankruptcy. This was before Obama made him a trusted adviser.
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White House / Pete Souza
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Bill Clinton and now big business—all in a week’s work for President Obama in his ambitious push to improve relations with parties with whom he’d at least appeared to be at odds since he took office.
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AP / Carolyn Kaster
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By Robert Scheer — The flight from reason that now marks American public discourse came home for me last Friday when I found myself on public radio debating whether Barack Obama is anti-business.
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flickr.com / TechFever
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In a deal that will dramatically affect both the story lines on NBC’s “30 Rock” as well as the future of media conglomeration, Comcast, the country’s biggest cable provider, has acquired NBC Universal from General Electric for an estimated $30 billion.
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