“Investor pressure to maintain capital discipline” is a nice way of referring to putting profits ahead of the public good. And that’s precisely what the oil companies are doing. “Big Oil executives are bragging to shareholders about price gouging families at the pump,” said [California Representative Katie] Porter. “They’re purposely keeping supply low to earn…
Windfall Profits, Windfall CEO Pay
Inflation is being blamed on politics and supply chain shortages, but many companies are using this oportunity to raise prices and CEO compensation. From Accountable.US: The 2021 Consumer Price Index (CPI) showed that overall, prices on common goods and services increased by 7% from December 2020 to December 2021. Unfortunately, more recent CPI data suggests this pattern will continue….