Democratic Pennsylvania senatorial candidate and lieutenant governor John Fetterman called for prosecuting executives of oil and food companies in a Sunday guest column for local media outlet Times Leader.
Fetterman blamed executives of large oil and food companies for the high prices that Americans are experiencing at gas stations and grocery stores across the country, stating that he would “crack down” on CEOs to bring down costs, according to the opinion column. The senatorial candidate juxtaposed the record profits of companies like Chevron, Exxon and Tyson, a large food company, with the high prices of gas and basic necessities.
Tuesday morning on the Tennessee Star Report, host Michael Patrick Leahy welcomed local business owner, Greg Davidson of Music City Outdoors to discuss the effects of supply chain and inflation on small business.
The International Chamber of Shipping, a coalition of truck drivers, seafarers, and airline workers, recently warned heads of state at the United Nations General Assembly that if restrictive COVID policies don’t change and freedom of movement isn’t restored to transportation workers, a supply-chain collapse is imminent.
Industry leaders representing some 65 million transport workers asked the United Nations and heads of government to “take meaningful and swift action to resolve the crisis now.”
“Global supply chains are beginning to buckle as two years’ worth of strain on transport workers take their toll,” they wrote in an open letter signed by the International Air Transport Association, the International Road Transport Union and the International Transport Workers’ Federation.
Certain politicians and social critics would have us scandalized that the annual income of CEOs of large corporations is often several times that of the employees who work in those companies. Is it unfair that executives make substantially more than a middle manager, an executive assistant, or an assembly-line worker? How are those salaries determined? Is significant income disparity unjust? To consider these questions, let’s take a look at the unique role and responsibilities of a chief executive officer.