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    1. Wells Fargo CEO Sorry for 'insensitive comment' on Diversity

      Wells Fargo CEO Sorry for 'insensitive comment' on Diversity

      Wells Fargo & Co Chief Executive Officer Charles Scharf has apologized for making insensitive remarks around race and diversity, seeking to quell a row over his references to a shortage of talent among minority groups. Reuters reported on Tuesday that Scharf had exasperated some Black employees in a Zoom meeting this summer when he reiterated that the bank had trouble reaching diversity goals because there were not enough qualified minority candidates...

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    2. Airlines and Treasury Reach an Agreement Over Multibillion-Dollar Relief

      Airlines and Treasury Reach an Agreement Over Multibillion-Dollar Relief

      Ten of the country's largest airlines, including American, Delta and United, are to receive a slice of the $25 billion Payroll Support Program.Major U.S. airlines, roiled by the coronavirus pandemic, will be participating in the federal government’s Payroll Support Program, Treasury Secretary Steven Mnuchin announced Tuesday. Ten of the country's largest airlines, including American, Delta and United, are to receive a slice of the $25 billion Payroll Support Program...

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    3. Les Moonves is Going to Arbitration to Fight for $120M Payout from CBS

      Les Moonves is Going to Arbitration to Fight for $120M Payout from CBS

      Les Moonves, the former chief executive officer at CBS, notified the company on Wednesday that he is continuing his fight for as much as $120 million in severance.

      The news emerged after CBS released a corporate filing on Thursday that noted Moonves had “notified the Company of his election to demand binding arbitration with respect to this matter. The Company does not intend to comment further on this matter during the pendency of the arbitration proceedings.”...

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    4. CEOs Are Making 335 Times More Than Their Workers

      CEOs Are Making 335 Times More Than Their Workers

      The survey also compared CEO pay to that of union workers. Here the gap between CEO and average worker pay was less at just more than 242 times, while the typical CEO earned more than 819 times what a worker earning minimum wage would take home in a year. "The income inequality that exists in this country is a disgrace," AFL-CIO President Richard Trumka said in a statement ...

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    1-16 of 16
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