Bernie Sanders Introduces Bill Raising Taxes on Companies That Pay Executives 50 Times More Than Median Worker

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.

Read More

President Trump Fires Tennessee Valley Authority Chair Over Hiring of Foreign Workers, Caps TVA CEO Pay at $500k

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.

Read More

New Ohio Bill Would Overhaul Controversial ‘State Takeovers’ of Local Public Schools

A new Republican-backed bill is being considered that would dramatically undo a major and controversial education initiative that was supported and signed by former Gov. John Kasich. In 2015, Ohio was facing an epidemic of failing schools. An Ohio Department of Education report for 2014-2015 found that only six of the…

Read More

Billionaire CEO Of JD.com, Richard Liu, Arrested In Minnesota For ‘Suspicion of Sexual Misconduct’ – Again

Richard Liu

by Kyle Perisic   The billionaire CEO of Chinese e-commerce giant JD.com was arrested in Minnesota Friday on suspicion of sexual misconduct, and it’s not the first time he’s been involved in such allegations. The company said it was a false allegation after Liu Qiangdong, also known as Richard Liu, was…

Read More

Fiat Chrysler Names Jeep Boss to Replace CEO Stricken with Illness

Mike Manley

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…

Read More