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Shareholders to Sallie Mae: Disclose Your Lobbying Activity

Image via Heathermg/Flickr

Sallie Mae, the United States’ largest student lender, got a wake-up call at its annual meeting on June 25, when more shareholders voted “for” than voted “against” the AFL-CIO’s stockholder proposal, calling for full disclosure of all company spending on lobbying in Washington, D.C., and each of the 50 states.

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6 Ways Walmart's Response to The New York Times Is Dishonest or Misleading

Photo courtesy OurWalmart on Flickr

A New York Times op-ed by Timothy Egan criticizing Walmart drew a response from the corporate giant that Ari Rabin-Havt at Slate called "juvenile." That's a nice way to say that the self-serving response is either wildly misleading or just plain dishonest in defending the country's largest employer against charges that it underpays its workers and harms the economy.

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Low-Wage Villain of the Week: Steve Forbes

Gage Skidmore from Peoria, Ariz., United States of America - Steve Forbes Uploaded by snowmanradio/Wikimedia

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 look past the usual suspects—for example, while it is true that too often elected officials get in the way of a fair economy, we want to dig deeper.

This week, we’re focusing attention on the poster child for being born on 3rd base and thinking you hit a triple, Steve Forbes.

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Nurses Hold Bake Sale to Buy Wheelchairs

Metro DC Council photo

Kenneth A. Samet, the CEO of the 10-hospital MedStar Health system, brought in $6.3 million in FY 2011, but Stephen Frum, an RN at the chain’s largest hospital—MedStar Washington Hospital Center—says, “Patients are routinely transported in broken wheelchairs, if we can find a wheelchair at all.” That’s why this week they held a bake sale to raise funds to buy wheelchairs and other basic supplies.

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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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