Corporate Corruption

Australia: Victorian government accelerates lifting of COVID-19 restrictions to satisfy big business

By Mike Head, 28 September 2020

Victorian Premier Daniel Andrews has fallen further into line with the “return to work” campaign of the corporate elite and the federal government.

Global banking system a network of criminality

By Nick Beams, 23 September 2020

The notification of suspicious activity that banks are required to file with the US government is not a means of preventing crime, but of facilitating it.

House report on Boeing 737 Max crashes: Corporate criminality, FAA complicity, but no accountability

By Barry Grey, 17 September 2020

Despite the incriminating evidence, the Democrats propose no actions to hold either Boeing or the FAA accountable for the deaths of 346 men, women and children.

Australian CEO pay hits record high, boosted by JobKeeper subsidies

By Jason Quill, 16 September 2020

Large companies have exploited government COVID-19 bailout schemes to increase executive rewards.

Brazilian governor suspended for COVID-19 emergency contracts fraud

By Miguel Andrade, 5 September 2020

Brazil’s high court has suspended Rio de Janeiro Governor Wilson Witzel, pending a trial and impeachment on charges of fraud in COVID-19 relief contracts.

Apple: A case study in financial parasitism

By Nick Beams, 18 August 2020

The massive Fed intervention into financial markets since March has taken to ever greater levels the parasitism that forms the modus operandi of the US economy.

Fiat Chrysler bribed UAW with tens of millions, new GM court filing alleges

By Tom Hall, 5 August 2020

The new documents contain allegations of massive corruption on the part of the UAW, exceeding anything brought to light so far by the parallel criminal probe by the FBI.

050 Bankrupt CEOs get big bonuses

21 July 2020

Italy hands Fiat Chrysler a multi-billion-euro bailout

By Allison Smith, 30 June 2020

The €6 billion corporate bailout for Fiat is to be financed by social austerity targeting working people in Italy and attacks on jobs and wages at Fiat Chrysler internationally.

US regulator approves re-certification flights for Boeing’s deadly 737 Max

By Bryan Dyne, 30 June 2020

Not a single corporate executive or regulatory official has been prosecuted for the two crashes that cost 346 lives.

Wirecard: The German economy sinks into criminality

By Peter Schwarz, 26 June 2020

The company CEO was arrested in connection with the disappearance of 1.9 billion euros ($2 billion).

The scandal surrounding German MP Philipp Amthor: What is Augustus Intelligence?

By Peter Schwarz, 23 June 2020

The question arises whether Augustus Intelligence is a genuine commercial enterprise or rather a covert intelligence service operation.

Canadian oil refinery boss lauds George Floyd protests while employing state violence against locked-out workers

By Carl Bronski, 16 June 2020

Federated Cooperatives Ltd. CEO Scott Banda has mobilized and solidarized with racist, far-right forces in seeking to break the resistance of 750 locked-out Regina oil refinery workers.

As protests grow, corporate CEOs hypocritically declare opposition to “racism and injustice”

By Jerry White, 4 June 2020

Tech billionaires, Wall Street bankers and auto executives all issued statements this week in hopes of shoring up the battered image of American capitalism.

Flooding in central Michigan exposes decades of Dow Chemical’s environmental crimes

By Luke Galvin and Lily Zhao, 2 June 2020

A major health crisis threatens residents of central Michigan after last week’s flooding that displaced more than 10,000 people and destroyed thousands of homes.

Thousands of retail jobs eliminated in Sprint and T-Mobile telecom merger

By Kevin Reed, 2 June 2020

The merger of the wireless carriers Sprint and T-Mobile has already resulted in the loss of 6,000 retail jobs as the combined firm is moving aggressively to close down as many as 2,000 Metro prepaid phone stores across the country.

US telecoms see opportunity to cut jobs, boost profits in pandemic

By Mark Witkowski, 1 June 2020

Telecoms are directing employees to work from home during the pandemic as they seek ways to impose job cuts and cost savings.

US Senate reconvenes to push return to work and social cuts

By Barry Grey, 5 May 2020

The Trump administration and Senate Majority Leader Mitch McConnell are demanding that a new pandemic relief bill provide businesses with legal immunity for causing disease or death to employees by failing to provide a safe work environment.

Remdesivir as “miracle drug”: Back-to-work propaganda vs. science

By Bryan Dyne, 1 May 2020

The media’s adulation of this “breakthrough” takes place in the midst of an increasingly frenzied effort to create the impression that the virus is “under control” and the crisis is all but over.

The Great Wall Street Heist of 2020

By Joseph Kishore—SEP candidate for US president, 28 April 2020

2020 will go down not only as the year of the coronavirus pandemic but also as the year of the greatest act of thievery and plunder yet perpetrated by the corporate and financial oligarchy.

The bipartisan “small business” swindle: Billions for the banks and corporations, pennies for workers and shopkeepers

By Barry Grey, 23 April 2020

Scores of multi-million- and billion-dollar corporations are receiving free handouts from the government under the “small business” relief fund grotesquely misnamed the “Paycheck Protection Program.”

How German CEOs are profiting from the coronavirus crisis

By Peter Schwarz, 20 April 2020

An article in the Süddeutsche Zeitung details how the executives of major German corporations are raking in millions from the COVID-19 crisis.

As Trump attacks health experts, World Health Organization warns against early return to work

By Benjamin Mateus, 10 April 2020

President Trump threatens cutting funding to the World Health Organization (WHO) for their criticism of his policy of scaling back the response to the pandemic.

Banks set to make billions from stimulus measures

By Nick Beams, 3 April 2020

Banks, lobby groups, major legal firms and hedge funds are all striving to get their slice of the largest corporate and financial bailout in history.

The profit system is sabotaging the struggle against the coronavirus

By Patrick Martin, 31 March 2020

Giant American corporations have blocked the development of inexpensive ventilators and are hoarding supplies of materials needing to make billions of N95 masks for health care workers.

While dumping their stock, US senators misled the public on coronavirus crisis

By Jacob Crosse, 21 March 2020

After receiving classified intelligence briefings, at least four US senators sold millions of dollars worth of stock while downplaying the severity of the virus to the public.

Ex-United Auto Workers official pleads guilty to corruption charges

By Tom Hall, 4 March 2020

The plea deal means the noose tightens further around disgraced ex-UAW President Gary Jones, who finally resigned last November.

ABC News suspends veteran reporter who called himself a socialist, criticized network in secret recording

By Matthew Taylor, 28 February 2020

In the video ABC News reporter David Wright criticized the network for abandoning serious reporting in favor of sensationalism.

The fix is in: Kenneth Feinberg to oversee payouts to Boeing crash victims

By Bryan Dyne, 26 February 2020

Feinberg’s career as Wall Street’s preeminent “fixer” began when he minimized the payouts Dow and Monsanto made to victims of Agent Orange during and after the Vietnam War.

Michael Winterbottom’s Greed: A searing indictment of the super-rich

By Thomas Scripps, 26 February 2020

Greed offers a sharp and often funny critique of the impact on society of rule by a criminal financial oligarchy, and deserves a wide audience.

OECD sounds corporate debt warning

By Nick Beams, 24 February 2020

The OECD pointed to an “unprecedented build-up of corporate bond debt” since the financial crisis of 2008 with an increase of $2.1 trillion in 2019 alone.

Amazon CEO Jeff Bezos launches $10 billion climate change fund

By Kevin Reed, 21 February 2020

In response to growing opposition within Amazon, as well as society as a whole, to the growing climate crisis and the role of super-rich billionaires in it, Bezos, the world’s richest person, has launched a new philanthropic fund.

Judge rules in favor of Amazon, halts work on JEDI contract by Microsoft

By Kevin Reed, 17 February 2020

The decision by a federal judge to grant Amazon’s request is an indication of bitter conflict within the ruling establishment.

Cleveland-area officials announce plan to provide $14 million to industrial paint giant Sherwin-Williams

By Isaac Finn, 12 February 2020

The Fortune 500 company, which marked $1.5 billion in profits in 2019, is to be given millions in public funds in order to keep 3,500 jobs in northeastern Ohio for at least five years.

999 Borg Warner-Delphi takeover

3 February 2020

Official inquiry cover-up of Grenfell Fire begins “second phase”

By Margot Miller, 27 January 2020

Benita Mehra’s removal from the panel will not alter the fact that the fundamental purpose of the inquiry is to protect, rather than punish, the guilty.

Despite thousands of job cuts, General Motors will receive $2.28 billion in Michigan tax credits

By Jessica Goldstein, 27 January 2020

The deal with the Michigan Strategic Fund board includes a modest reduction in the tax credit in exchange for the “flexibility” to cut more jobs.

Banks to give $10 billion bailout to Boeing, nothing to the families of the dead

By Bryan Dyne, 23 January 2020

A pittance has been provided to the 346 families who lost loved ones in the two Boeing 737 Max 8 crashes, even as major financial institutions are moving to provide billions of dollars to prop up the aerospace giant.

Kentucky miners blockading coal shipments win backpay

By Douglas Lyons, 22 January 2020

The miners had not been paid since December 27 and were owed between $2,000 and $3,000 each.

Delta workers poisoned by toxic work uniforms file class action lawsuit

By Tom Carter, 17 January 2020

“I am confident that these uniforms are affecting many thousands of people,” lead attorney Bruce A. Maxwell told the World Socialist Web Site.

After two crashes that killed 346 people

Fired CEO Dennis Muilenburg gets $80.7 million on exit from Boeing

By Bryan Dyne, 13 January 2020

The aerospace giant allocated only $50 million to compensate the 346 families who lost loved ones in the two Boeing 737 Max 8 crashes, $144,500 for each life lost.

Chelsea Clinton’s millions and the American aristocracy

By Sam Dalton, 10 January 2020

Chelsea Clinton, the daughter of Bill and Hillary Clinton, reaps millions through her family’s connections with the super-rich.

Boeing, reversing its stance, recommends simulator training for 737 Max 8 pilots

By Bryan Dyne, 8 January 2020

The airplane manufacturer’s reversal highlights its culpability in previously opposing simulator training, even after two deadly crashes of 737 Max commercial jets that took a combined total of 346 lives.

Hexavalent chromium contamination likely leaking onto Detroit-area freeway since 2016

By Kevin Reed, 31 December 2019

As more details emerge about the oozing of the known carcinogen from the basement of a small metal plating company over the Christmas holiday, it is becoming clear that government environmental agencies are also directly responsible.

Boeing CEO Dennis Muilenburg forced to resign

By Bryan Dyne, 24 December 2019

Muilenburg’s removal will not change the underlying drive by Boeing for ever-greater profits at the expense of human lives.

Boeing suspends production of deadly 737 Max 8 aircraft

By Bryan Dyne, 23 December 2019

No Boeing executives or Federal Aviation Administration officials have yet been charged, let alone prosecuted, for the two.

Fiat Chrysler merger with PSA signals new attacks on autoworkers’ jobs and conditions

By Jerry White, 19 December 2019

The $47 billion deal will create the world’s fourth largest automaker by sales, trailing only Volkswagen Group, Toyota Motor and the Renault-Nissan alliance.

Report finds US corporations paid “zero to negative” income tax rate in 2018

By Jessica Goldstein, 18 December 2019

The Institute on Taxation and Economic Policy found that 91 highly profitable Fortune 500 corporations paid zero or negative income taxes in 2018.

18 December 2019

California governor rejects PG&E’s bankruptcy settlement, demands token reforms

By Anthony del Olmo, 16 December 2019

If PG&E accedes to Newsom’s demands, the company’s board will simply be changed from Wall Street vultures to financial parasites from California.

Boeing executives must be tried for murder

By Bryan Dyne, 13 December 2019

Boeing and the Federal Aviation Administration were well aware of deadly safety problems of the 737 Max 8 aircraft that cost 346 human lives.

Wisconsin Democrats double down on Foxconn con job

By Jacob Crosse, 9 December 2019

Despite campaigning in 2018 against the largest state subsidy in US history, Governor Tony Evers has bent over backwards to accommodate the multibillion dollar company at the expense of the working class.

UAW sanctions “perma-temps” in Fiat-Chrysler tentative agreement

By Tom Hall, 5 December 2019

The deal reached with FCA does not even include the fig leaf “pathway” for temporary workers to regular employment found in the GM and Ford contracts.

PG&E failed to do inspections and maintenance on power lines for years, report finds

By Kevin Martinez, 5 December 2019

The 700-page report found that the company had systemic failures when it came to updating and fixing its infrastructure leading up to the 2018 Camp Fire, which killed 85 people.

Fiat Chrysler workers face off against the UAW, an “FCA-controlled enterprise”

By Jerry White, 4 December 2019

The concessions forced on GM and Ford workers were imposed by the United Auto Workers, which a lawsuit by GM describes as an organization that was “acquired” by Fiat Chrysler.

Australian bank chief resigns over money laundering charges

By Mike Head, 30 November 2019

This latest scandal does not directly involve cheating customers, but centres on allegations of evading official transaction-tracking measures.

GM lawsuit: UAW engaged in criminal conspiracy with FCA to cut labor costs

By Eric London, 22 November 2019

The extraordinary lawsuit filed by General Motors peels back the curtain on the “purchase” of the United Auto Workers by Fiat Chrysler and the other automakers.

California utility PG&E plans regular blackouts for another ten years as more residents have power cut this week

By Anthony del Omo and Dan Conway, 21 November 2019

Earlier this week, the Pacific Gas and Electricity utility (PG&E) announced that they would shut off electrical power to hundreds of thousands of customers beginning Wednesday morning in the fourth such mass power outage since October.

More fires ignite as wildfire season deepens in California

By Kevin Martinez, 1 November 2019

11 fires are presently raging across California, with reports indicating that the state’s utility monopolies likely bear responsibility for the most damaging fires.

US: Murray Energy files for bankruptcy, miners’ pensions in peril

By Samuel Davidson, 1 November 2019

The bankruptcy the coal giant threatens 7,000 jobs and the bankruptcy of health and pension funds for 82,000 current and former miners and their families.

The Boeing crashes and the criminalization of American capitalism

By Bryan Dyne, 31 October 2019

At House and Senate hearings this week, Boeing CEO Dennis Muilenburg acknowledged that he knew of the dangers of the 737 Max 8, yet not a single congressman or senator suggested that he should be criminally prosecuted.

One year since the first Boeing 737 Max 8 crash

By Bryan Dyne, 29 October 2019

The year since the crash in Indonesia has exposed the collusion between Boeing, the federal government and the trade unions that led to the deaths of 346 men, women and children.

California utility PG&E imposes mass blackouts for second time this month

By Jonathan Burleigh, 25 October 2019

Despite California Governor Gavin Newsom’s posturing as an opponent of the utility’s profiteering, PG&E knows full well that it will not be held responsible for the social cost of its power shutoffs.

WeWork CEO walks away with $1.7 billion as mass layoffs planned at failing office rental company

By Harvey Simpkins, 24 October 2019

While Adam Neumann receives an outrageous “golden parachute,” a jobs massacre is expected at the company which currently operates offices in 29 countries around the world.

Major distributors and manufacturers of opioids avert trial by reaching $260 million wrist-slap settlement in Ohio

By Brian Dixon and Benjamin Mateus, 23 October 2019

The settlement is seen as a “bellwether” case for future opioid lawsuits, with the companies making no admission of guilt for the drug overdose crisis which has ravaged the US.

International review denounces FAA certification of Boeing 737 Max 8

By Bryan Dyne, 15 October 2019

The Joint Authorities Technical Review makes clear that the FAA, ostensibly Boeing’s regulator, made no attempt to determine the safety of new flight control software that led to the crash to two 737 Max 8 flights.

The irrationality of capitalism: Millions cut off from electricity, lives endangered by California utility PG&E

By Evan Blake, 11 October 2019

The forced blackouts affecting over two million people and businesses across 34 counties in Northern California serve as a stark example of the irrationality of the capitalist system.

New York Times magazine blames pilots for Boeing crashes

By Bryan Dyne, 24 September 2019

The article is an attempt to whitewash the profit-driven negligence of Boeing and complicity of the industry-dominated Federal Aviation Administration that led to two crashes of Boeing 737 Max 8 aircraft and the deaths of 346 people.

050 Purdue Pharma bankruptcy

18 September 2019

How Detroit Democrats handed Fiat-Chrysler $400 million for a new assembly plant

By Kevin Reed, 11 September 2019

Six years after the bankruptcy of Detroit, the ruling class is once again pilfering the public treasury.

Ten days before contract expiration, top aide to UAW GM negotiators pleads guilty to taking $2 million in kickbacks

By Jerry White, 5 September 2019

The plea deal comes as GM CEO Mary Barra is set to meet with President Trump to discuss the upcoming contract battle by autoworkers.

FBI examining two cameras that malfunctioned outside Jeffery Epstein’s prison cell

By Kevin Reed, 29 August 2019

The broken cameras were within view of the Manhattan cell where the multimillionaire sex trafficker was being held at the time of his death earlier this month.

Johnson & Johnson v. State of Oklahoma: How the courts are covering for Big Pharma

By Genevieve Leigh, 29 August 2019

The toothless ruling follows a well-worn pattern in which giant corporations, after committing horrific social crimes, get off with a relatively small fine.

Prison camera footage outside Epstein’s cell is reported to be “unusable”

By Kevin Reed, 28 August 2019

In further evidence of conspiracy in the death of Epstein, a security camera in the hallway outside his federal prison cell—where he supposedly committed suicide—reportedly “had footage that is unusable.”

Oklahoma judge finds Johnson & Johnson guilty in opioid epidemic

By Benjamin Mateus, 27 August 2019

While the $572 million judgment fell short of the $17 billion sought by the state, the court’s ruling was an unambiguous finding that the giant corporation deliberately downplayed the dangers of the opioids it manufactured.

Why is the New York Times still trying to sweep the Epstein case under the rug?

By Patrick Martin, 23 August 2019

Amid reports of “stunning” violations of protocol by prison officials in the death of America’s most famous prisoner, the Times claims that questions regarding the well-connected sex trafficker are “conspiracy theories.”

Record global dividend payouts fuel rising social inequality

By Will Morrow, 22 August 2019

The report demonstrates how the financial markets serve as a mechanism for the transfer of wealth up the income scale, from the working class to the corporate elite.

Autoworkers determined to fight as UAW contract deadline approaches

By Tom Hall, 21 August 2019

The September 14 contract deadline is fast approaching for more than 150,000 hourly workers at Ford, GM and Chrysler operations in the US.

Joe Ashton, UAW VP named in corruption scandal, had long history of selling out auto workers

By Jerry White, 21 August 2019

A lifelong UAW functionary on the payroll of the union’s International staff for 28 years, Ashton epitomizes the social layer at the head of the so-called “American labor movement.”

UAW corruption scandal: Former union VP Joe Ashton reportedly took $550,000 in illegal kickbacks

By Jerry White, 20 August 2019

Ashton would be the highest-ranking UAW officer implicated in the corruption scandal that has already led to the conviction of UAW Vice President Norwood Jewell and three other top UAW officials on the 2015 UAW-Chrysler Bargaining Committee.

American media shuts down the Epstein story

By Patrick Martin, 19 August 2019

Despite many unanswered questions, virtually all reporting on the death of multi-millionaire sex-trafficker Jeffrey Epstein has halted following the verdict of suicide by the medical examiner.

One month before the expiration of auto contracts

US autoworkers on collision course with the companies

By Jerry White, 15 August 2019

While the transnational corporations have made record profits since the 2008 financial crash, autoworkers have suffered a decade of falling real wages. They are determined to win substantial gains.

Autoworkers react to slap-on-the wrist sentencing of former UAW VP

By Shannon Jones, 14 August 2019

Workers contrasted the lenient treatment handed out to Norwood Jewell with the brutal conditions they face every day in the factories compounded by the ever-present threat of layoffs.

Who wanted Jeffrey Epstein dead?

By Patrick Martin, 12 August 2019

The circumstances of Jeffrey Epstein’s death fully justify the widespread suspicions that he was murdered.

Judge lets bribe-taking UAW bureaucrat Norwood Jewell off with a slap on the wrist

By Shannon Jones, 6 August 2019

The former head of the union’s Fiat Chrysler department was sentenced to 15 months in a minimum-security prison for his role in the illegal bribery scheme.

FAA concealed flaws in Boeing aircraft after Lion Air crash in Indonesia

By Bryan Dyne, 5 August 2019

The Federal Aviation Administration kept Boeing’s dangerous 737 Max 8 flying to protect the profits of the aerospace giant.

“Paid for by Fiat Chrysler:” Prosecutors outline UAW corruption for Norwood Jewell sentencing hearing

By Tom Hall, 1 August 2019

Jewell will be the highest ranking UAW official sentenced in the ongoing federal corruption probe of the UAW and FCA and one of eight union or company officials to have been convicted.

US regulators suppressed safety concerns surrounding Boeing 737 Max 8

By Bryan Dyne, 29 July 2019

The investigative report in the New York Times comes only days after the aerospace giant announced that it was considering halting production of the deadly aircraft.

Defective transmissions on Ford vehicles tied to numerous injuries and accidents

By Shannon Jones, 24 July 2019

For years Ford covered up a transmission defect in its Fiesta and Focus models that can cause sudden acceleration or stalling.

Australian cancer victim sues Bayer-Monsanto

By Frank Gaglioti, 23 July 2019

Michael Ogalirolo claims his potentially lethal cancer, non-Hodgkin lymphoma, is due to 18 years of exposure to glyphosate, the active component of the herbicide Roundup.

Lee Iacocca, who spearheaded the attack on autoworkers, dead at 94

By Jerry White, 4 July 2019

The corporate media is lauding the former Chrysler CEO for gutting the wages and jobs of autoworkers in the UAW-backed federal bailout of 1979-1980.

Boeing outsourced software development for faulty 737 Max 8 to cut costs

By Bryan Dyne, 3 July 2019

These revelations come alongside reports that the production of the Boeing 787 Dreamliner is also under investigation.

France: What should be done with Arnault’s $100 billion?

By Will Morrow, 26 June 2019

The CEO and leading shareholder of French luxury fashion retail group LVMH became the third person in history to join the centi-billionaires club.

Creating the framework for government-directed online censorship

House Judiciary Committee begins antitrust inquiry into big tech

By Kevin Reed, 14 June 2019

A House subcommittee hearing on Tuesday began a major bipartisan drive for government-directed censorship of website and social media content.

Ford escalates jobs massacre

The global socialist strategy to fight auto layoffs

By Jerry White, 22 May 2019

The global integration of capitalist production has created the practical and technological means to unite workers in an internationally coordinated campaign to defend jobs and living standards.

Ethiopian Airlines tells Boeing, FAA to stop blaming dead pilots for 737 crashes

By Trévon Austin, 20 May 2019

While neither the carriers nor the pilots had been informed of the existence of a new anti-stall system, Federal Aviation Administration officials are trying to scapegoat those pilots who died trying to overcome the airplane's design flaws .

Boeing continues to whitewash 737 crashes

By Bryan Dyne, 8 May 2019

Aviation journalist Rytis Beresnevičius: “The press release is just Boeing shifting the blame somewhere else. They are defending their greed.”

Behind Trump’s clash with the Fed: Looming economic crisis and class conflict

By Nick Beams, 18 April 2019

The American president, in demanding that the Fed intervene to drive up the stock market, has stated openly what the US central bank has been doing for decades.

US Tax Day 2019: Sixty giant corporations pay zero income tax

By Patrick Martin, 16 April 2019

As a consequence of Trump’s 2017 tax cut for the wealthy, the number of Fortune 500 companies paying no federal income taxes has doubled.

Norwood Jewell, the UAW and the Flint water crisis

By Jerry White, 10 April 2019

The conviction on bribery charges of Jewell sheds light on the close connections between the UAW and the Democratic politicians responsible for the lead poisoning of an entire city.