Wireless providers Verizon and T-Mobile are being accused of fudging numbers, or boasting a bit too much, regarding their reach and speed of broadband internet access, according to the federal Broadband Equity, Access, and Deployment Program. With this comes significant unintentional consequences for countless rural communities. President Biden announced $42.5 billion in federal funds through… Read More »
Excessive Exec Pay = 399 to 1
Year after year, senior corporate executives seem to grant themselves generous compensation packages that swamp even the highest paid salaried employee. Much of this typically includes stock awards, diamond encrusted incentive plans, and exclusive pension terms. In 2021, the average overall CEO to worker compensation ratio was 254 to 1; in 2022, that grew to… Read More »
U.S. Treasury Finally Unveils Its De-Risking Strategy
It looks like the federal government is finally paying attention to the multi-billions being shifted from defined benefit pensions to insurance companies and private equity investors, which has affected so many retirees, including many from the Bell System. In April of 2023, the U.S. Treasury published a fact sheet outlining their 2023 de-risking strategy. One… Read More »
NY may require businesses near Ground Zero during 9/11 to inform workers of toxins, benefit eligibility
By Carl Campanile | July 2, 2023 6:48pm The new legislation will require businesses in lower Manhattan and northern Brooklyn during Sept. 11, 2001, terror attacks to contact workers employed during that time who may have been exposed to life-threatening toxins. The 9/11 Notice Act was unanimously passed by both the state Assembly and Senate. Governor Kathy Hochul… Read More »
The Texas Two Step
During the April Retiree Summit at Bear Mountain, one informative panel was called “The Texas Two-Step,” moderated by Retirees for Justice Executive Director, Edward Stone. The topic was corporate mergers, spinoffs, acquisitions, and their impact on pensioners. Stone explained that the “Texas Two-Step” is the process of a company creating a subsidiary, either by choice… Read More »
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