Tag Archives: AmerisourceBergen

Report Exposes US Corporations That Pay Their Execs More Than They Pay in Taxes

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“Both kinds of corporate misbehavior—underpaying taxes and overpaying executives—ultimately make working families the victim through smaller paychecks and diminished public services.”

By Jake Johnson. Published 3-13-2024 by Common Dreams

Elon Musk at TED2013: The Young, The Wise, The Undiscovered. Wednesday, February 27, 2013, Long Beach, CA. Photo: James Duncan Davidson

Top executives at dozens of major, profitable U.S. businesses received more in total compensation in recent years than their companies paid in federal taxes, underscoring the twin outrages of skyrocketing CEO pay and rampant corporate tax dodging.

A report published Wednesday by Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS) identifies 35 profitable U.S. corporations that paid their top executives more than they paid the federal government in taxes between 2018 and 2022. The list of companies includes Ford, Netflix, NextEra Energy, and Tesla—whose CEO, Elon Musk, is the richest man in the world.

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‘Grave Injustice’: Judge Rules Against West Virginia Community Devastated by Opioids

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Three pharmaceutical companies distributed 81 million opioid painkillers in a West Virginia county over an eight-year period, but the federal judge ruled they were not liable for the damage done by the opioid epidemic.

By Julia Conley  Published 7-5-2022 by Common Dreams

A federal judge ruled on July 4, 2022 that three pharmaceutical companies are not liable for the damage that their sales of opioids did to a community in West Virginia. (Photo: VCU CNS/Flickr/cc)

A community in West Virginia is planning to appeal a ruling handed down Monday by a federal judge who concluded that three pharmaceutical companies are not liable for the vast damage done to the area by their shipments of millions of opioids.

Cabell County and the city of Huntington argued in court last year that AmerisourceBergen, Cardinal Health, and McKesson had created a “public nuisance” by distributing more than 81 million hydrocodone and oxycodone pills in the area over an eight-year period, saying the companies made no effort to ensure the pills were fulfilling legitimate prescriptions and wouldn’t be sold on the black market. Continue reading →

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