Corporate Corruption

Boeing executives must be held to account

By Bryan Dyne, 13 December 2019

It has become clear that Boeing executives and government officials repeatedly disregarded warnings of potentially deadly safety lapses by employees that led to the deaths of over 300 people.

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.

Purdue Pharma, accused of deliberately fueling deadly US opioid crisis, files for bankruptcy

By Kate Randall, 18 September 2019

An agreement with plaintiffs would absolve the Sackler family of culpability for the hundreds of thousands of deaths linked to promotion and sale of OxyContin.

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.

Purdue Pharma, maker of highly addictive painkiller OxyContin, settles with state of Oklahoma for $270 million

By Ben Mateus, 8 April 2019

The settlement is the first of roughly 2,000 lawsuits pending in federal and state courts against Purdue and other opioid manufacturers, including Johnson & Johnson and Teva Pharmaceutical.

Baltimore, Maryland Mayor Catherine Pugh caught in widespread corruption scandal

By E.P. Milligan, 8 April 2019

It is now abundantly clear that Pugh accepted thinly-veiled bribes from health insurance giants and other corporate interests in exchange for kickbacks from the city budget.

Congressional hearing highlights close ties between Boeing and FAA

By Bryan Dyne, 28 March 2019

After a pair of deadly crashes, the Senate Subcommittee on Aviation and Space convened Wednesday to question the heads of the federal agencies responsible for overseeing the verification of new aircraft.

Canada’s Liberal government rocked by high-profile resignations

By Roger Jordan, 23 February 2019

The Liberals’ attempt to shield engineering giant SNC-Lavalin from criminal prosecution has led to the resignation of the former Justice Minister and Trudeau’s top adviser, throwing the government’s re-election plans into disarray.

The reality of capitalism: GM makes $11.8 billion in profits while closing plants, eliminating 14,000 jobs

By Jerry White, 7 February 2019

The huge profits, side-by-side with the destruction of entire communities, expose the real character of the capitalist system and why the working class must abolish it.

Facebook: The global censor

By Andre Damon, 29 December 2018

This year has seen an intensification of internet censorship by Google, Facebook and Twitter, transforming these companies into censors that police what their users say, do and think.

Arrest of Nissan chairman Ghosn roils global auto industry

By Shannon Jones, 22 November 2018

Many questions remain unanswered in the arrest of Carlos Ghosn, who headed a giant automotive alliance that includes Japanese-based Nissan and Mitsubishi, along with French-based Renault, which produces more than 10 million vehicles annually.

Amazon dictates terms to New York over second headquarters

By Guillaume Garnier, 21 November 2018

The deal between Amazon and the city and state will provide billions to the world’s richest company.

Ten years after the financial crash

Wall Street pay up 13 percent while workers’ wages stagnate

By Barry Grey, 19 September 2018

The average pay of Wall Street traders and brokers rose to $422,500.

As National Football League season opens

Nike unveils ad featuring blacklisted quarterback Colin Kaepernick

By Alan Gilman, 10 September 2018

The National Football League season has opened against the backdrop of Colin Kaepernick becoming the face of Nike’s new “Just Do It” campaign and a ruling allowing his collusion lawsuit against the NFL to go forward.

Amazon market capitalization surpasses $1 trillion

By E.P. Milligan, 7 September 2018

Amazon’s soaring profits, like those of Apple, are the direct result of the brutal exploitation of its workforce.

Tax cuts boost US bank profits to record highs

By Trévon Austin, 30 August 2018

Banks and corporations are channeling the bulk of their savings from the tax cuts into stock buybacks, dividend increases and mergers and acquisitions.

As US workers’ wages continue to fall

Oracle CEO pockets $250 million after Trump tax cut

By Niles Niemuth, 31 July 2018

By the end of the year, American corporations will have enriched their top executives and investors with $2.5 trillion obtained through stock buybacks, increased dividend payments, and mergers and acquisitions.

UAW corruption scandal reaches the top

By Shannon Jones, 27 July 2018

The revelation that the just-retired UAW president authorized the illegal use of money from company-funded joint training centers demonstrates that the organization is engaged in a criminal conspiracy against auto workers.

Seven months after Trump’s tax cut

Corporate tax collection rate at historic low

By Gabriel Black, 26 July 2018

The trillions in deficits created by the tax cuts for the rich will be used to justify further slashes to critical social programs that millions of Americans rely on.

Top aide to former UAW vice president makes plea deal

By Shannon Jones, 25 July 2018

Nancy Johnson pleaded guilty to charges related to the illegal payout of more than $1.5 million by Fiat Chrysler aimed at securing favorable contract terms from the United Auto Workers.

Private prison companies thrive as thousands of immigrants detained

By Shelley Connor, 4 July 2018

The Trump administration’s detention of hundreds of thousands of migrants has been a windfall for private prison companies.

Technology giants hold censorship meeting with US intelligence agencies

By Will Morrow, 27 June 2018

The Washington Post described the meeting as a “new overture by the technology industry to develop closer ties to law enforcement.”

Court sanction of AT&T-Time Warner merger strengthens corporate grip on news and entertainment

By Barry Grey, 13 June 2018

Coming just one day after the termination of net neutrality, the federal court ruling sets the stage for the further consolidation of monopoly control and suppression of oppositional points of view.

Amazon, Microsoft and Google compete for Pentagon Cloud warfighter project

By Will Morrow, 30 May 2018

The technology giant that secures the contract will administer the US military’s global operations.

Plea deal reveals Fiat Chrysler used “sham employment” scheme to pay off UAW negotiators

By Jerry White, 28 May 2018

Another former Fiat Chrysler executive pleads guilty in the corruption scandal engulfing the United Auto Workers union.

US drug executives testify before Congress on opioid crisis

By Brian Dixon, 10 May 2018

The drug company heads shed crocodile tears over the opioid epidemic they helped create, including by shipping large numbers of opioids to pill mills in West Virginia.

Ford announces plans to slash US car production, cut billions in costs

By Marcus Day, 27 April 2018

Ford, GM, and Fiat Chrysler continue to restructure their operations at the expense of workers in response to Wall Street’s relentless demands to cut costs and boost profits.

UK motorists sue Volkswagen over diesel emissions fraud

By Stephen Alexander, 12 March 2018

An estimated 40,000 premature deaths occur in the UK every year due to air pollution, amounting to a staggering £20 billion in public health costs.

Parasitism and “tax reform”: Trump’s corporate tax cuts fuel stock buybacks, not investment

By Gabriel Black, 6 March 2018

Catalyst Capital predicts that 2018 will be the biggest stock buyback year on record, with corporations spending $1.2 trillion to push up their share values.

US Senate report details funding of patient advocacy groups by opioid manufacturers

By Brian Dixon, 27 February 2018

The manufacturers of five major opioid products donated nearly $9 million to 14 supposedly independent patient advocacy organizations between 2000 and 2017.

Two key players in UAW corruption scandal to enter guilty pleas

By Shannon Jones, 18 January 2018

The wife of a deceased UAW official and a Fiat Chrysler executive are expected to plead guilty to charges they took part in a scheme to siphon off millions from the UAW-Chrysler Joint Training Center.

Former Massey CEO Don Blankenship announces run for US Senate

By Clement Daly, 21 December 2017

The former Massey Coal CEO, convicted and jailed in connection with the 2010 Upper Big Branch mine disaster, has announced his bid for Democrat Joe Manchin’s Senate seat.

Amid escalating corruption scandal, top UAW operatives step down

By Shannon Jones, 15 December 2017

The ongoing federal corruption investigation and growing worker anger and militancy are fueling an apparent crisis in the top echelons of the United Auto Workers union.

CVS to purchase Aetna for $69 billion, in move expected to disrupt health care industry

By Gabriel Black, 7 December 2017

The merger would create a level of vertical integration unprecedented in US health care, while netting Aetna’s outgoing CEO half a billion dollars.

Right-wing billionaire Koch Brothers acquire major stake in Time Magazine

By Genevieve Leigh, 28 November 2017

As the Trump administration strips media regulation and antitrust laws, media conglomerates are planning even further consolidation.

US Steel and Indiana authorities covered up chemical dumping near Lake Michigan

By Jessica Goldstein, 21 November 2017

A lawsuit brought by students at the University of Chicago charges US Steel with dumping chromium into Lake Michigan, following a spill which dumped hundreds of pounds of a toxic compound.

Paradise Papers shed light on how giant companies and the super-rich avoid taxation

By Gabriel Black, 10 November 2017

The latest leaks confirm that the largest companies in the world, and the ultra-wealthy that run them, use their power and wealth to park trillions of dollars offshore to avoid taxation.

Airbnb and eBay paying virtually no tax in the UK

By Margot Miller, 24 October 2017

While profits soar to exponential heights, corporations engage in myriad complex scams to evade paying even the minimal and ever decreasing corporate taxes levied by governments.

“Every contract we wonder how we are going to get shafted”

US autoworkers speak on bribing of UAW official

By Shannon Jones, 29 July 2017

A federal indictment Wednesday charged that a former vice president at Fiat Chrysler funneled more than $1 million in bribes to a UAW vice president between 2009 and 2014.

Federal indictment charges Fiat Chrysler paid top UAW negotiator $1.2 million in bribes

By Jerry White, 27 July 2017

A federal indictment filed in US District Court in Detroit Wednesday charges that a former vice president of Fiat Chrysler funneled more than a million dollars in bribes to United Auto Workers Vice President General Holiefield between 2009 and 2014.

Alberta NDP to work with Trudeau to ram through Trans Mountain pipeline expansion

By Janet Browning, 22 July 2017

Underscoring the Alberta NDP government’s fealty to Big Oil and the financial elite, Premier Rachel Notley has vowed to dramatically increase the transport of untreated bitumen to tidewater.

Barclays PLC charged with fraud by UK Serious Fraud Office

By Jean Shaoul, 1 July 2017

The prosecution has nothing to do with the criminal and reckless banking behaviour that precipitated the crash, but instead relates to Barclays’ rescue

Multi-billion fine for Google intensifies transatlantic tensions

By Ulrich Rippert, 30 June 2017

Just days prior to the G20 summit in Hamburg, the EU Commission imposed a record fine on US internet firm Google.

Study: The ultra-rich hide 25 percent of their wealth in tax havens

By Gabriel Black, 5 June 2017

A new report by economist Gabriel Zucman argues that global inequality is significantly worse than shown in official estimates because of rampant tax evasion by the financial elite.

Prices of US branded prescription drugs rose 13 percent in 2016

By Brad Dixon, 2 June 2017

The rise in drug prices is 318 percent higher than the rise in the costs of goods due to inflation, according to a report by health care technology company Truveris.

US CEO compensation rose by 8.5 percent in 2016

By Shelley Connor, 26 May 2017

On May 23, research group Equilar revealed that CEO compensation rose by 8.5 percent in 2016, at more than twice the rate of workers’ pay in the same period

Half of US Fortune 500 companies pay next to nothing in state taxes

By John Marion, 25 May 2017

A new report documents that among the Fortune 500 companies which were profitable in 2014, the average effective tax rate levied by all 50 states was only three percent.

Fund managers earned billions in 2016 even as hedge funds underperformed

By Shelley Connor, 17 May 2017

The wealthiest 25 managers earned $11 billion last year while hedge funds yielded meager returns for investors.

Former Massey Energy CEO Don Blankenship released from prison

By Samuel Davidson, 13 May 2017

Don Blankenship is free after one-year in prison over the deaths of 29 coal miners in an explosion at the Upper Big Branch mine in 2010.

New evidence of UAW vote-rigging in 2015 Ford contract

Part One

By Eric London, 9 May 2017

Information provided to the World Socialist Web Site shows a UAW conspiracy to silence autoworkers with evidence that the UAW committed election fraud to pass the 2015 Ford contract.

The Trump tax plan: More money for the oligarchs

By Barry Grey, 28 April 2017

With the people of America and the world facing ever worsening social conditions and the looming threat of world war, the top priority of the US political establishment is to hand over trillions more to the financial elite.

The United Airlines beating of David Dao and the case for public ownership of the airline industry

By Eric London, 12 April 2017

The beating of the 69-year-old doctor is a brutal outcome of decades of deregulation, monopolization and financialization in the airline industry.

“Slash and burn” CEO takes helm at CSX Railroad

By Jeff Lusanne, 10 March 2017

Shareholders have agree to pay Hunter Harrison riches in return for increased profits through deep cuts to staffing, working conditions and infrastructure.

PSA-GM-Opel deal: IG Metall trade union pledges collaboration with management

By Marianne Arens, 6 March 2017

The proposed restructuring of the auto industry threatens many thousands of jobs and several plants.