Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Report: Executives Are BRAGGING About Price-Gouging Americans
Posted
June 17, 2023
Views
39,023
Likes
1,755
Comments
349
Engagement
5.39%
June 17, 2023
39,023
1,755
349
5.39%
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10:07Now PlayingProgressive watchdog group Accountable.US reveal the brashness of executives using price hikes to bolster profits. Cenk Uygur, Ramesh Srinivasan and John Iadarola discusses on The Young Turks.
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"An analysis released Tuesday shows that executives at some of the top publicly traded companies in the United States aren't exactly being coy about using their pricing power to hike costs for consumers and boost revenues and profits—which are then dished out to wealthy shareholders.
The progressive watchdog group Accountable.US noted in its new report that "some of the largest general consumer S&P 500 companies have admitted to benefiting from increased prices as their net profits increased year-over-year and they rewarded shareholders with billions in handouts.""
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230616__TA04PriceGouging
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