Vermont Sen. Bernie Sanders introduced legislation Wednesday that would targeting companies who pay executives 50 times more than their median worker.
The legislation, titled the Tax Excessive CEO Pay Act, aims to combat corporate greed and “end outrageous CEO pay,” Sen. Bernie Sanders said in a press release Wednesday. Sens. Elizabeth Warren, Ed Markey and Chris Van Hollen, along with Reps. Barbara Lee and Rashida Tlaib, joined Sanders in introducing the bill.
President Donald Trump said Monday that he had fired the chair of the Tennessee Valley Authority, criticizing the federal-owned corporation for hiring foreign workers.
Trump told reporters at the White House that he was formally removing chair Skip Thompson and another member of the board, and he threatened to remove other board members if they continued to hire foreign labor. Thompson was appointed to the post by Trump.
PepsiCo chief executive Indra Nooyi, one of the most prominent female CEOs in the world, announced Monday she will step down after leading the giant soft drink company for 12 years. Nooyi, 62, has worked at PepsiCo for 24 years. In a tweet, she expressed “mixed emotions” about leaving her…
Reuters Fiat Chrysler named on Saturday its Jeep division boss, Mike Manley, to take over immediately for Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with…