Corporate Corruption Media Articles

Excerpts of Key Corporate Corruption Media Articles in Major Media

Below are key excerpts of revealing news articles on corporate corruption from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

Eric Holder has long insisted that he tried really hard when he was attorney general to make criminal cases against big banks in the wake of the 2007 financial crisis. [Yet Holder] held his department back [according to] a new, thoroughly-documented report from the House Financial Services Committee. Prosecutors in 2012 wanted to criminally charge the global bank HSBC for facilitating money laundering for Mexican drug lords and terrorist groups. But Holder said no. In September 2012, the Justice Department’s Asset Forfeiture and Money Laundering Section (AFMLS) formally recommended that HSBC be prosecuted for its numerous financial crimes. From 2006 to 2010, HSBC failed to monitor billions of dollars of U.S. dollar purchases with drug trafficking proceeds in Mexico. It also conducted business going back to the mid-1990s on behalf of customers in Cuba, Iran, Libya, Sudan, and Burma, while they were under sanctions. Such transactions were banned by U.S. law. AFMLS Chief Jennifer Shasky wanted to seek a guilty plea for violations of the Bank Secrecy Act. On November 7, Holder presented HSBC with a “take it or leave it” offer of a deferred prosecution agreement, which would involve a cash settlement and future monitoring of HSBC. No guilty plea was required. HSBC [then] successfully negotiated to have individual executives immunized from prosecution. Lack of desire at the highest levels of the Justice Department was ... the primary reason that no prosecutions took place.

Note: While attorney general of the United States, Eric Holder consistently refused to prosecute Wall Street. For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the financial industry.

In 2014, a man testified that Penn State football coach Joe Paterno ignored his complaints of a sexual assault committed by assistant coach Jerry Sandusky in 1976 when the man was a 14-year-old boy, according to court documents unsealed Tuesday. Four other former assistant football coaches at the school also were aware of Sandusky acting inappropriately with boys before law enforcement was first notified in 1998, according to testimony contained in the documents. The allegations suggest that Paterno may have been made aware of Sandusky’s actions far earlier than has previously been reported, and that knowledge of Sandusky’s behavior may have been far more widespread among the Penn State football staff than previously known. The trove of documents unsealed Tuesday came from a legal dispute between the university and an insurance company over the responsibility for nearly $93 million the school paid in settlements with victims. Additionally, the Paterno family is suing the NCAA for defamation and commercial disparagement; the NCAA is considering using some of the information released Tuesday in its defense. In the Penn State community, an alumni group is pushing for a bronze statue of Paterno to be restored on campus, and for the university to repudiate a 2012 report by former FBI director Louis Freeh that blamed Paterno, other university leaders and a “culture of reverence for the football program” for Sandusky’s rampant sexual abuse.

Note: Read more about how senior Penn State officials covered up Sandusky's crimes due to fears of bad publicity. Watch an excellent segment by Australia's "60-Minutes" team "Spies, Lords and Predators" on a pedophile ring in the UK which leads directly to the highest levels of government. A second suppressed documentary, "Conspiracy of Silence," goes even deeper into this topic in the US. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

It's the time of year when experts crunch the numbers to see how well the flu shot worked. The result? Better than last year, but still not good enough. "Just shy of 45 to 50 per cent," said Dr. Danuta Skowronski of the BC Centre for Disease Control, who presented the data to the Global Influenza Vaccine Effectiveness meeting at the World Health Organization last week. In 2014-15, the flu shot offered essentially zero protection against the circulating influenza virus of that season. Back then, the prevailing strain was H3N2. This year's main circulating virus was H1N1. Skowronski said the vaccine was ... disappointing. Experts used to believe the annual flu shot protection was much higher, around 70 to 90 per cent. But not anymore. Those early estimates were based on industry-funded clinical trials that were extrapolated to apply across all ages and flu seasons. "It was a blanket assumption that is simply not true," Skowronski said. That assumption changed dramatically, after Skowronski and colleagues developed a protocol that revealed the true picture of vaccine efficacy. It's called the test negative design (TND) first piloted in Canada in 2004. "The test negative design has opened our eyes to all kinds of variables that we were blind to for years," said Skowronski. Scientists also once again observed [that] people who get the shot with no prior vaccine exposure seem to have better protection than people who get the shot year after year.

Note: A National Institute of Health study found in 2007 that flu shots do not protect the elderly. More recent studies have shown that some flu shots actually increase the risk of infection. For more along these lines, see concise summaries of deeply revealing vaccine controversy news articles from reliable major media sources.

No red flags were apparent when the Maine Board of Licensure in Medicine checked Dr. Jaroslav “Jerry” Stulc’s background in 2007. But within months of joining a hospital staff, the surgeon was accused of sexual misconduct. The hospital ... suspended him with pay. Then, while he was out, the hospital and medical board learned that Stulc previously had been suspended by a Kentucky hospital following allegations of sexual misconduct. Skirting federal rules, the Kentucky hospital hadn’t reported his suspension or subsequent resignation to the nationwide database established for hospitals and medical boards to share information on physician misconduct. Instead, just before Stulc applied for his Maine license, he and the hospital had agreed that he would voluntarily resign. The hospital wouldn’t mention the suspension ... to anyone who inquired. Such private agreements, along with legal loopholes and outright flouting of the law, are among the reasons the nationwide repository - the National Practitioner Data Bank - can leave patients and medical staff vulnerable, an Atlanta Journal-Constitution investigation found. Even when hospitals and medical boards file reports, they may classify violations in a way that conceals the scope of physician sexual misconduct. Because of such gaps, the AJC - in reviewing board orders, court records and news reports - found about 70 percent more physicians accused of sexual misconduct than the 466 classified as such in the public version of the data bank from 2010 to 2014.

Note: For more along these lines, see concise summaries of deeply revealing news articles on sexual abuse scandals and health.

Nearly all food labels in Vermont are now required to disclose when products include genetically engineered ingredients. The requirement, passed two years ago, became effective on Friday. The rule is the first of its kind in the United States, and although it applies only within the tiny state, it is having national impact. Most major food and beverage companies have already added language to their labels to meet the new rule, rather than deal with the logistical hassle of having separate labels for different states. But not all the same products will definitely be on shelves. Vermont’s law requires the labeling of most packaged grocery products as well as any whole fruits or vegetables produced with genetic engineering. That means virtually all products containing derivatives of crops like corn, soy, canola and sugar from sugar beets will need labels, as most of those crops in the United States are grown from genetically modified seeds. Vermont’s law is careful, however, to exclude cheese, a big business in the state. The law also exempts meat from animals that have eaten feed made from genetically engineered grains. The labeling issue has generated heavy and frantic lobbying by the Grocery Manufacturers Association and the trade groups representing major commodity producers of crops like soy and corn, who have wanted a federal law that would prevent mandatory labels.

Note: On July 8, the US Senate passed a bill which allows food companies to continue to avoid clear GMO ingredient labeling. Let's hope it does not pass the full Congress and become a law. For more along these lines, see concise summaries of deeply revealing food industry corruption and GMO news articles from reliable major media sources.

On September 18, 2015, Guatemalan professor Rigoberto Lima Choc awaited a judge’s decision on an issue he had been the first to uncover: A company was polluting the waters of La Pasión River. Lima Choc had not only documented and reported the problem but had also taken journalists and photographers to witness the fish slaughter. That day, as he walked down the steps of the courthouse, two men on a motorcycle approached and fired at him. He died on the spot. Lima Choc’s death is, sadly ... not an exception. Through 2015 a worldwide total of 185 murders of this kind were documented by the nongovernmental organization Global Witness. A detailed report on these deaths ... implies a significant growth from one year to the next. Latin America had the dubious honor of being the region with the highest number of conservationist murders - 122; Brazil took the lion’s share with 50 killings. Indigenous communities are especially vulnerable, and it is there where most environmental activists are killed. Just a few cases [leave] a documented record. Osvaldo Durán, spokesman of the Costa Rica–based Federation for the Conservation of the Environment ... points out that many times the government does nothing to defend people or groups under attack; and that sometimes it even orchestrates disinformation campaigns. Duran says, “The economic model ... requires a fusion of interests between [the] state and corporations. This is when you see the state defending private interests instead of communities.”

Note: For more along these lines, see concise summaries of deeply revealing news articles about corruption in government and in the corporate world.

The fast rise of Sen. Elizabeth Warren within the Democratic Party has coincided with another phenomenon: the continual use by elite-media journalists of anonymous sources in articles that either criticize Warren directly or warn other politicians about the dangers of embracing ... the policies she advocates. That journalistic trend manifested itself most recently on Monday, in a piece by Ben White in Politico that quoted fully five anonymous sources - including “one top Democratic donor,” “one moderate Washington Democrat” and “one prominent hedge fund manager” - to the effect that Hillary Clinton would be making a major misstep by selecting Warren as her running mate. Warren is an expert in bankruptcy and predatory lending and a leading critic of the financial industry. Is the “top Democratic donor” Politico quoted a self-interested executive at Citigroup or Goldman Sachs fearful that Warren would influence policy decisions? We’ll never know. Journalists in this way let powerful individuals take potshots without any fear of accountability and without the reader being able to discern what conflicts of interest might be involved. And when it comes to Warren in particular, pretty much any “administration official” or “political strategist” interested in advancing a narrative gets the anonymous treatment. The Intercept in short order compiled a list of 15 other articles and political newsletters over the last few years of the anonymously sourced, anti-Warren genre.

Note: The complete list of examples of anti-Warren propaganda articles is available at the link above. For more along these lines, see concise summaries of deeply revealing media manipulation news articles.

Physician influence can be bought for as little as a $20 meal, UCSF researchers have found. A study published Monday in JAMA Internal Medicine ... found that doctors who received just one meal averaging $20 were up to twice as likely to prescribe brand-name drugs being promoted than doctors who did not receive any free food. Gifts from pharmaceutical companies to doctors ... have come under scrutiny in recent years for concerns that the money spent by drugmakers directly influences what physicians write on their prescriptions pads. Some doctors deny they’re influenced by money, but a growing number of studies show that financial ties can affect their professional behavior. The UCSF researchers looked at ... the routine briefings many doctors and their staff receive from drug reps during lunches in their offices. The study found that the effect increased as doctors got more meals. Those who received multiple meals were up to three times as likely to prescribe the promoted brand-name drug. Higher-cost meals were associated with greater influence. Doctors who received four or more meals to promote Allergan’s Bystolic to treat hypertension prescribed the drug at 5.4 times the rate of physicians who received no meals. For Pfizer’s depression drug Pristiq, that rate was 3.4 times higher. UCSF researchers said that their studies show the buying power of drug makers decreases the use of cheaper, generic drugs and raises costs for patients as well as the health care system.

Note: For more along these lines, see concise summaries of deeply revealing big Pharma profiteering news articles from reliable major media sources.

Nine years ago, the state of Florida received documentation from a security firm vouching for the mental health of Omar Mateen, who launched a bloody attack this week on Orlando nightclub patrons. But the psychologist whose name appears on the document in state records said Friday that she never evaluated [Mateen]. In fact, she wasn’t even living in Florida when the evaluation was supposedly completed. The revelation Friday became another source of scrutiny for the G4S security firm, which was known as Wackenhut at the time. The psychological evaluation done for the company, which is required under state law, cleared Mateen to carry a firearm as a private security guard. “What I do know is that in September 2007, I was not living or working in Florida, I was not performing any work for Wackenhut, and I did not administer any type of examination to Omar Mateen,” Dr. Carol Nudelman, who now lives in Colorado, said in a statement. The global security firm - which does work in more than 100 countries - is locally based in Jupiter. Its operations have come under scrutiny a number of times over the years. In the mid-2000s, G4S was accused of overbilling Miami-Dade County taxpayers of at least $3 million for security services that were not actually provided. But a criminal case against company employees fizzled in 2012.

Note: A CBS News story titled, "Locked Inside a Nightmare" sheds light on Wackenhut's profoundly corrupt history. For more along these lines, see concise summaries of deeply revealing corporate corruption news articles from reliable major media sources.

A delegation of independent scientists urged the EPA to ban RoundUp, Monsanto’s flagship herbicide. Providing testimony that it poses an unreasonable risk to humans, animals, and the environment, scientists spoke at a closed meeting with EPA [officials]. The scientists explained the physiological reasons why exposure to glyphosate, the active ingredient in RoundUp, is linked to autism, Alzheimer’s, cancer, birth defects, obesity, gluten intolerance, among other health issues. 300 million pounds of RoundUp are sprayed each year on corn, soy, sugar beets, canola, and weeds in the United States alone. $5 billion, or half Monsanto’s annual sales, comes from glyphosate-containing products. Dr. Stephen Frantz, Pathobiologist Research Scientist led the team. “When a cell is trying to form proteins, it may grab glyphosate instead of glycine to form a damaged, mis-folded protein. After that it’s medical chaos ... with many diseases and disorders as a result.” Moms Across America founder Zen Honeycutt was a participant at the meeting. Her son had been a casualty of processed foods, diagnosed with autism until his mother switched to an all-organic diet. “Mothers and caretakers are seeing their loved ones get sick on GMOs and glyphosate/herbicide sprayed foods and get better when they avoid them. Because glyphosate is contaminating our urine, water, breast milk and nearly all our foods, we are systematically causing sickness throughout America.”

Note: The negative health impacts of Monsanto's Roundup are well known. Lawsuits are building over Monsanto's lies to regulators and the public about the safety of glyphosate. Yet the EPA continues to use industry studies to declare Roundup safe while ignoring independent scientists. For more along these lines, see concise summaries of deeply revealing news articles on food system corruption and health.

The security firm that employed Orlando shooter Omar Mateen concluded that allegations about his inflammatory comments while an armed guard in 2013 were serious enough to transfer him to an unarmed position. But the company, G4S Secure Solutions USA Inc., dropped the matter [and] did not take away his company-issued service weapon. That decision, coupled with the fact that Mateen underwent three separate inquiries by the FBI in 2013 and 2014, raises questions about whether G4S - the U.S. subsidiary of one of the world's largest security firms - properly vetted Mateen in the years before Sunday's mass shooting at the Pulse nightclub. Former G4S security guard Daniel Gilroy ... complained repeatedly about Mateen to supervisors at G4S. They ignored his concerns. Ultimately, Gilroy said, he quit rather than have to face Mateen, who he said threatened him. [A company official] said G4S has so far found no evidence of any other employees making complaints about Mateen, including those who worked at the St. Lucie County Courthouse with him in 2013. FBI Director James Comey said earlier this week that colleagues said Mateen claimed to have family connections to terror groups al Qaeda and Hezbollah, and that he hoped law enforcement would raid his home "so he could martyr himself." Those remarks prompted courthouse officials to request Mateen's immediate removal from the St. Lucie County Courthouse, and to make "the appropriate notifications to inform our federal partners," including the FBI.

Note: For more along these lines, see concise summaries of deeply revealing news articles about corporate corruption and terrorism.

In April, the email in-boxes of energy executives filled with alerts from the nation’s top corporate law firms. The subject: the multistate investigation into whether Exxon Mobil committed fraud by publicly discounting the impact of fossil fuels on climate change. The investigations into whether their industry suppressed findings and misled investors, policymakers and the public about global warming not only raise the prospects of criminal charges, but add momentum to a legal campaign [comparable] to the decades-long battle against Big Tobacco. In April, a federal judge in Oregon ruled that a case against the U.S. government for inaction on climate change could proceed, explaining that “the alleged valuing of short term economic interest despite the cost to human life” required examination by the courts. Environmental lawyers have argued for years that governments and companies are legally obligated to reduce greenhouse gas emissions. They had little success, with the U.S. Supreme Court ruling in 2011 that the federal government alone had the power to control carbon emissions. But the recent entry of state prosecutors into the legal battle opens up a new line of inquiry: Did fossil fuel companies mislead their investors and the public on their own views on climate change and the risk it posed to their business? The recent legal rush follows the revelation last year that Exxon had engaged in climate change research in the 1970s and ’80s, and was warned by its own scientists of the growing threat.

Note: Read about the recent New York Attorney General's investigation into Exxon's climate change lies. For more along these lines, see concise summaries of deeply revealing climate change news articles from reliable major media sources.

Atrazine [is] the second most commonly used herbicide in the United States. [It] is mainly used to control weeds in the corn blanketing much of the Midwest. The chemical also routinely turns up in streams and drinking water. And according to a new Environmental Protection Agency preliminary risk assessment, it may be doing serious harm to fish, animals, and amphibians, even at extremely low exposure levels. In the areas where it is most commonly used, mainly the Midwestern corn belt, atrazine turns up in the environment at rates that exceed established levels of concern "by as much as 22, 198, and 62 times for birds, mammals, and fish, respectively," the report concluded. The European Union banned atrazine in 2004, citing its potential to contaminate water and harm ecosystems. And this latest EPA report suggests the US government might also consider reining in use of the chemical. But probably not anytime soon. Back in 2011, the EPA released the final deliberations by a panel of independent scientists it had convened to address the topic. The panel found that atrazine had "suggestive evidence of carcinogenic potential" for ovarian cancer, non-Hodgkin's lymphoma, hairy-cell leukemia, and thyroid cancer. A recent paper by Texas A&M and Iowa State University researchers looked at research published since 2000 and concluded that "higher concentrations of atrazine in drinking water" have been associated with a variety of birth defects in people.

Note: With US regulators in its pocket, agrichemical giant Syngenta did everything in its power to discredit atrazine researcher Tyrone Hayes after Hayes published science proving that Syngenta's products were poisonous. The New Yorker published a detailed article on Syngenta's smear campaign. For more along these lines, see concise summaries of deeply revealing news articles on government corruption and health.

Genentech and another drugmaker will pay $67 million to settle claims that they misled doctors into prescribing a treatment to lung cancer patients for whom the companies knew it would not work. As a result, some patients may have died earlier than they would have if they had taken more effective drugs, a lawsuit brought by a former Genentech employee and joined by federal prosecutors alleges. From 2006 to 2011 Genentech and its marketing partner OSI Pharmaceuticals promoted Tarceva to treat all patients with non-small-cell lung cancer even though studies had shown that it worked for just those who had never smoked or had a certain gene mutation known as EGFR. Epidermal growth factor receptor is a type of protein found on the surface of cells in the body. The whistle-blower lawsuit was filed in 2011 by Brian Shields, who worked as a Tarceva sales representative and then a product manager. The lawsuit said the companies ... discouraged doctors from testing patients for EGFR. The companies also promoted Tarceva ... by giving doctors illegal kickbacks disguised as fees for making speeches or serving on Genentech’s advisory boards. Sales representatives across the country were “instructed to spend lavishly” on physicians, the case said, and given “an unlimited budget to wine and dine.” Genentech also organized lunches or dinners for lung cancer patients where “patient ambassadors” were paid fees to speak about how Tarceva could be used in ways never approved by regulators, the lawsuit said.

Note: While Genentech was inaccurately describing its new drugs to doctors and patients, this company was also fiercely lobbying to prevent others from selling affordable alternatives to its costly drugs. Practices like this, along with the suppression of promising cancer research, show how Big Pharma puts profit before people.

Prime ministers, finance ministers, leading entrepreneurs and a former spy chief are among the attendees at this year’s influential Bilderberg conference ... which begins on Thursday in Dresden. The German military has been drafted in to oversee security. They’re working with corporate security from Airbus to make sure the politicians are kept safely away from the press for the entire three-day conference. Every year, a major corporation with links to the Bilderberg steering committee coordinates security for the event with the police. Which makes the whole conference even more obviously the corporate lobbying event that it is - with giant corporations handling everything from security to dry ice. And it makes the silence of the politicians who attend even more egregious. These high-level talks between policymakers and the heads of transnational oil companies ... take place in heavily guarded privacy, with no press oversight whatsoever. [This is] especially great if you’re on the board of BP. Like, for example, Sir John Sawers. As well as being a director of BP, the silken, Blairish former MI6 boss is a member of Bilderberg’s steering committee, and the chairman of Macro Advisory Partners, a global advisory group with heavy links to the transatlantic intelligence community, very much in the style of Kissinger Associates. And speak of the devil! The ageless 93-year-old former US secretary of state will be holding court at Dresden, croaking out his wisdom from the throne of bones he has shipped everywhere he goes.

Note: This entire article is a must read if you want to know how the power elite work together to manipulate global politics. For more along these lines, see concise summaries of deeply revealing news articles on the Bilderberg Group and other elite secret societies.

More than a decade ago, researchers at Gilead Sciences thought they had a breakthrough: a new version of the company’s key HIV medicine that was less toxic to kidneys and bones. Clinical trials ... seemed to support their optimism. Patients needed just a fraction of the dose, creating the chance of far fewer dangerous side effects. But in 2004 ... Gilead executives stopped the research. The results of the early patient studies would go unpublished for years as the original medication - tenofovir - became one of the world’s most-prescribed drugs for HIV, with $11 billion in annual sales. In 2010, Gilead restarted those trials. A year of treatment with Gilead’s HIV medicines costs about $30,000. Earlier this year, the Los Angeles-based AIDS Healthcare Foundation, which operates clinics and pharmacies for AIDS patients, sued Gilead, contending that it delayed the less toxic form of tenofovir to manipulate the patent system and keep prices artificially high. Animal studies showed that [tenofovir] could cause damage to the kidneys and bones. When the drug was approved in 2001, the FDA required Gilead to study whether the medicine would harm humans in the same way. [By] 2003, the company had received so many reports of patients experiencing kidney failure and other ... problems that it placed a warning on the drug’s label. Several times, U.S. regulators formally warned Gilead that it was downplaying the drug’s risks.

Note: After the FDA warned Gilead that its sales reps were illegally lying to doctors about tenofovir's safety, Gilead continued misrepresenting this drug, prompting the FDC to send the company a rare second warning letter. For more along these lines, see concise summaries of deeply revealing big Pharma profiteering news articles from reliable major media sources.

Corey Feldman, who has opened up in the past about being molested by multiple Hollywood bigwigs, said he believes the problem of producer pedophiles is bigger today in age of social media. He’s also said one of his abusers is “still prominently in the business today.” Gabe Hoffman is the executive producer of “An Open Secret,” a 2015 documentary that investigated child molesters in Hollywood, and he echoed Feldman’s sentiments. "Young people, both boys and girls looking to work in Hollywood are at great risk from sexual predators,” he [said]. Psychologist Dr. Judith Zackson concurred. “The Internet is becoming an increasingly dangerous place for young, vulnerable stars,” she said. “Internet profiles provide an anonymous platform for pedophiles to study their victim’s personal information and patterns to assist in their ‘grooming’ process - pedophiles develop a relationship with their victims through enticing dialogue filled with promises that promote the young stars dream.” Pop culture expert Cate Meighan said the Internet lets abusers reach out to victims more easily. “Back in the ‘80s it really was quite different in that these people had to wait until child stars were brought into their circle to have access to them,” she said. “Now, they have the ability to hand pick potential targets and probably at a much younger age too.” Feldman has been vocal in the past regarding pedophilia in Hollywood. In 2011, he said it was “the number one problem in Hollywood” claiming it to be “the big secret” plaguing the industry.

Note: Don't miss the incredible film "An Open Secret" which follows five boys and their families who were gradually ensnared by a secret Hollywood pedophile ring which ruins their lives. It is available for free viewing on this webpage. The entire "Secret Societies in Hollywood" series is available here. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

Elijah Wood called out child exploitation in Hollywood earlier this week. He later made it clear that he was not speaking from personal experience. But Corey Feldman wants people to know that he knows about Hollywood's child abuse problem firsthand. In an interview with the Hollywood Reporter, Feldman said he was molested as a child actor, and that his best friend Corey Haim was raped at the age of 11. He said that he has had to go through "a lot of therapy" to cope with his traumatic childhood; the actor said his molestations came "from several hands." "Ask anybody in our group of kids at that time: They were passing us back and forth to each other," said Feldman, adding that grown men in Hollywood would host parties and invite mostly kids aged 10 to 16 with just a few adults in the mix. "[Alison Arngrim] from 'Little House on the Prairie' said [in an interview], 'Everybody knew that the two Coreys were just being passed around.' Like it was something people joked about on studio lots." Feldman added that he still can't imagine what it was like for Haim to have been raped. "My son is 11 now, and I can't even begin to fathom the idea of something like that happening to him," he said. Feldman said that while he would love to name names, he was afraid to do so because of the legal conundrum it would inflict on him, but he said he has bumped into one of his molesters several times and has never confronted him.

Note: Don't miss the incredible film "An Open Secret" which follows five boys and their families who were gradually ensnared by a secret Hollywood pedophile ring which ruins their lives. It is available for free viewing on this webpage. The entire "Secret Societies in Hollywood" series is available here. For more along these lines, see concise summaries of deeply revealing sexual abuse scandal news articles from reliable major media sources.

CEOs at the biggest companies got a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks - a big fat zero. The typical chief executive in the Standard & Poor's 500 index made $10.8 million, including bonuses, stock awards and other compensation, according to a study by executive data firm Equilar for The Associated Press. That's up from the median of $10.3 million the same group of CEOs made a year earlier. The raise alone for median CEO pay last year, $468,449, is more than 10 times what the typical U.S. worker makes in a year. The median full-time worker earned $809 weekly in 2015, up from $791 in 2014. "With inflation running at less than 2 percent, why?" asks Charles Elson, director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. The answer is complicated. CEO pay packages now hinge on multiple layers of sometimes esoteric measurements of performance. That's a result of corporate boards attempting to respond to years of criticism ... from Main Street America, regulators and even candidates on the presidential trail this year. One bright spot, experts say, is the rise in the number of companies that tie CEO pay to how well their stocks perform. "There's progress generally in aligning compensation with shareholder returns," says Stu Dalheim, vice president of governance and advocacy at Calvert Investments. "But I don't think this compensation is sustainable."

Note: For more along these lines, see concise summaries of deeply revealing income inequality news articles from reliable major media sources.

Brazil’s suspended president has described the impeachment campaign as "more clearly than ever" a "coup" after leaked tapes suggested that her opponents were trying to remove her simply to halt a corruption probe. In only her second public appearance since being removed from office pending a trial, Dilma Rousseff responded to new evidence suggesting that the aim of the impeachment process is stifle a massive corruption inquiry, known as the “Car Wash” probe. Leaked tapes appear to show Romero Jucá, the planning minister in the new government, discussing the impeachment process as a way of stopping the “Car Wash” inquiry into corruption at Petrobras, the state oil company ... which has implicated dozens of politicians. In the conversation, Mr Jucá appears to agree that “there has to be an impeachment” to halt the probe. Mr Jucá has also been suspended from office. The revelations boosted Ms Rousseff’s Workers’ Party, or “PT”, which has repeatedly described the campaign to oust her as a “coup”. Ricardo Berzoini, a senior member of Ms Rousseff’s cabinet, said the “revelation” of the tapes “demonstrates the real reason for the coup against democracy.” Mr Berzoini added: “The goal is to stop the Car Wash investigation and sweep the investigation under the rug. The Brazilian people have a right to know everything about these recordings. We cannot allow a dialogue like this to not be investigated thoroughly.”

Note: This coup is reportedly handing literal control of Brazil's economy to Goldman Sachs and bank industry lobbyists. For more along these lines, see concise summaries of deeply revealing news articles on corruption in government and in the corporate world.

Important Note: Explore our full index to key excerpts of revealing major media news articles on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.