Tag Archives: Corporatocracy

Votes against election certification to factor into Cummins’ political giving

By | January 13, 2021

Cummins Inc. has said it will consider whether lawmakers voted last week against certifying President-elect Joe Biden’s victory before making future donations to their campaigns, joining a growing list of companies that have said the GOP-led effort to overturn the 2020 presidential election results will factor into their political giving. Through its political action committee,… Read More »

Oracle founder donated $250,000 to Graham PAC in final days of TikTok deal – The Verge

By | October 18, 2020

FEC documents show that Ellison made the $250,000 donation to the Security is Strength PAC on September 14th. The Security is Strength PAC has bought ads exclusively in support of Graham’s political ambitions, including his 2015 presidential campaign and his current reelection bid for the US Senate. Source: Oracle founder donated $250,000 to Graham PAC… Read More »

Sacrifice for Thee, Vast Wealth for Me | Epsilon Theory

By | September 29, 2020

From 2014 – 2019, the same years that CEO and Chairman Doug pocketed $200 million in real money stock-based comp, American Airlines had *negative* free cash flow of $3.2 billion. And took on an additional $14 billion in debt. And bought back $13 billion of its stock. How did all this work out for American… Read More »

Boeing CEO Dennis Muilenburg Will Walk Away With Millions – Barron’s

By | December 29, 2019

What’s more, upon termination Muilenburg can walk away with another $30 to $40 million. And his supplementary executive pension is worth another $11 million, according to these statements. Source: Boeing CEO Dennis Muilenburg Will Walk Away With Millions – Barron’s Welcome to the corporatocracy of America, where you can fail badly enough as CEO to… Read More »

Warren on our Corporatocracy

By | October 17, 2019

I’ve been talking about corporate charters for a long time now, and people either don’t understand what I’m talking about, or think I’m crazy. We give people a charter to create a company, which grants them special, legal protections to build the business. But that charter implies a social contract that they will not abuse… Read More »