Building power for working people

Author: Eric Gardner

SVB Executives May Have Delayed Action for Maximum Bonus Payments, New Evidence Suggests

As the dust clears after the collapse of Silicon Valley Bank (SVB), things are starting to look more and more suspicious to even the most…

Stock Buybacks: Good for Warren Buffett, Bad for Working People

With a net worth of over $100 billion, Warren Buffett has some opinions.  In his 2022 letter to investors, the Berkshire Hathaway CEO and the world's…
Photograph by Stuart Isett/Fortune Most Powerful Women

Norfolk Southern Boosted Shareholder Payouts 4,500%, Slashed Workforce 33% Prior To Ohio Disaster

The derailment of a Norfolk Southern train carrying 20 railcars of toxic chemicals in western Ohio has renewed scrutiny on precision scheduled railroading (P.S.R.)--a controversial…

Your Credit Card Company Is Ripping You Off With ‘Late Fees’

Video narrated by Eric Gardner, reporter at More Perfect Union Eric Gardner: This may be the biggest scam that we’ve all just decided is normal.…

Wall Street Banks Huge Profits Off Surging Credit Card Debt

Major Wall Street banks are making billions from the Federal Reserve’s efforts to fight inflation, while American consumers are loading up on debt and falling…
Photo credit: frankieleon

Bed, Bath & Beyond’s Ex-CEO Got Rich Bankrupting the Retailer, Now Workers Stand to Lose

Bed, Bath and Beyond is spiraling towards bankruptcy, but in a cruel twist of fate reminiscent of other recent retailers, the executives responsible for wrecking…
Bed, Bath & Beyond

Everyone Should Be Very Skeptical of the Supposed Benefits of the Kroger-Albertsons Merger

If more consumers buy more of our products, consumers will be better off.  That’s one of the arguments that grocery giant Kroger is making to…

Albertsons Risks Toys “R” Us-Style Collapse From Private Equity Payout, Data Show

Three weeks after Kroger upended America’s grocery market by announcing it intended to purchase Albertsons, I talked to a man whose job is facilitating these…

This “Non-profit” Hospital Rakes in Billions, Pays No Taxes, and Leaves Patients Mired in Debt

Atrium Health is one of North Carolina’s largest health care organizations. The Charlotte-based hospital network employs over 70,000 people across 1,400 care locations. In 2020,…

Kroger Wants To Create a $210 Billion Grocery Titan

Supermarket chain Kroger used acquisitions to become the nation's second-largest grocer. Now, flush with cash from record-breaking profits throughout the pandemic, management is looking to…
kroger

America’s Mega Chains Thrive Off Illegal Price Discounts. The FTC’s New Commissioner Is Fed Up.

America’s largest retailers like Walmart, Kroger and Amazon receive big price discounts on almost every product they buy from manufacturers—and in doing so, they're often…
Amazon Walmart

Exxon’s Latest Profit-Seeking Move: Selling Unlimited Oil Abroad Despite Shortages at Home

Energy giant Exxon Mobil Corp. is protesting one of the Biden administration's moves to drive down gas prices: reducing the amount of U.S. fuel that's…
Exxon