Executives at Bankrupt Companies Scored $131 Million in Bonuses

(Bloomberg) -- Before the bankruptcies came the bonuses: $10 million at J.C. Penney Co., $25 million at Chesapeake Energy Corp., $1.5 million at Hertz Global Holdings Inc.That’s how much was promised to executives only weeks or in some cases days before bankruptcy, according to a Bloomberg analysis of regulatory filings. Of the 100 or so …

These are the world’s 10 biggest corporate giants

https://www.weforum.org/agenda/2017/01/worlds-biggest-corporate-giants/ 7. Facebook HQ: US Age of company: 13 years No of employees: 15,724 Facebook was founded in 2004 after a college experiment. In September 2016 it had 1.79 billion daily active users, approximately 85% of whom were outside the US and Canada. 6. Amazon HQ: US Age of company: 22 years No of employees: …

U.S. Billionaire Wealth Surged Since The Start Of The Pandemic – Forbes

Since the start of the pandemic, collective U.S. billionaire wealth has surged by more than $584 billion, while $6.5 trillion in household wealth has disappeared. That's according to an Institute for Policy Studies and Americans for Tax Fairness analysis published on Friday which stated that the U.S. billionaire class saw its wealth climb 20% between …

The rich are getting richer during COVID-19

A Financial Times' list of businesses that performed well during the COVID-19 pandemic suggests, in terms of equity value-added, several big and established companies prospered despite the tough conditions, in turn, adding to the wealth of their owners. But how do these large corporations maintain dominant positions while small and medium enterprises struggle to stay …

Politicians use COVID-19 war to destroy small businesses – Washington Times

Politicians, when they are running for office, claim they love and support small businesses — but many of them lie. Over the last three months, the political class has waged an intense war against those people who have risked their savings and countless time and effort to build viable small businesses — including personal and …