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SEC Subpoenas House Republican Staff as Part of a Trading Probe

The Wall Street Journal reported on June 18 that federal prosecutors and the Securities and Exchange Commission are collecting evidence for a grand jury probe into whether Republican congressional staff on the House Ways and Means Committee tipped Wall Street traders off about changes in health care policy.

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6 Ways High CEO Pay Hurts a Company's Bottom Line and the Public

Photo courtesy See-Ming Lee on Flickr

A new study from the University of Utah's David Eccles School of Business took a comprehensive look at 17 years of CEO pay and found the common argument that higher CEO pay leads to better company performance is an assumption not based on fact. Authors Michael Cooper, Huseyin Gulen and Raghavendra Rau found that the link between high CEO compensation and low shareholder returns hold up after controlling for a variety of factors shown to have an affect on corporate performance. 

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Low-Wage Villain of the Week: Sallie Mae

Photo via Heathermg/Flickr

In our new regular feature, we'll be taking a look at the villains who are doing their best to prevent the United States from raising wages for all or some Americans. In this series, we're going to try to take a look past the usual suspects—for example, too often elected officials get in the way of a fair economy, but we want to dig deeper.

This week, we’re focusing attention on a giant student lender and loan servicer, Sallie Mae. 

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L.A. Mayor Garcetti Tells Lionsgate ‘Listen Up’

L.A. Mayor Eric Garcetti (center) with mebmers of AFM Local 47

Los Angeles Mayor Eric Garcetti is listening up, and wants Lionsgate and other film production companies that take taxpayer dollars but send musicians’ jobs overseas to do the same.

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Low-Wage Villain of the Week: Pharrell

Photo courtesy Thomas Hawk on Flickr

In our new regular feature, we'll be taking a look at the villains who are doing their best to prevent the United States from raising wages for all or some Americans. We're going to try to take a look at more than just the usual suspects in these posts, and we'll probably stay away from government officials to give you a look at other key players who are part of the problem.

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How Many Call Center Workers Does It Take to Equal T-Mobile CEO's Salary?

Photo courtesy of Mike Mozart on Flickr

2,000.

The Communications Workers of America (CWA) points out in a new article that T-Mobile CEO John Legere made $29 million after one year in his position, the equivalent of the combined salaries of 2,000 T-Mobile call center workers. A full-time minimum wage employee would have to work 580 hours to equal one hour of pay for the CEO. 

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Walmart Moms: ‘Their Fight Is Our Fight’

Our walmart photo

This an open letter from AFL-CIO Secretary-Treasurer Elizabeth Shuler to the nation's working women.  

In a show of national unity, Walmart moms are walking off the job in stores throughout the country this week. After years of trying to support themselves and their families on wages that are too low, with schedules that rob them of full-time benefits and an employer who fires co-workers who audaciously ask for more pay, they have had enough.

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Labor Department Opens Door for Review of Denied Black Lung Cases by Controversial Hopkins Doctor

	  Retired miner Steve Day, 67, needs supplemental oxygen 24 hours a day to breathe. Photo by F. Brian Ferguson/courtesy of Center for Public Integrity

The U.S. Department of Labor has ordered its officials who determine if coal miners are eligible for black lung benefits to no longer rely on the medical opinion of the Johns Hopkins doctor, ABC News reports, “whose work for coal companies helped lead to benefits being denied to thousands of miners over the last two decades.”

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Walmart Strikers March on 'Home Office'

Walmart Strikers March on 'Home Office'

Striking Walmart workers today are taking their call for Walmart to end its retaliation against and bullying of workers who speak out to the company’s “Home Office” in Bentonville, Ark. The action follows Wednesday’s strikes in more than 20 cities across the nation and precedes Friday’s annual shareholders meeting in Fayetteville, Ark.

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Walmart Strikers Take Fight to Walton’s Estate

Photos by Our Walmart

Walmart strikers took their message that Walmart must stop retaliation against and bullying of workers who speak out straight to Walmart Chairman Rob Walton's estate in Arizona earlier this week. . Check out these photos and click here for more.

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