![]() ![]() The new analysis came shortly after the Bureau of Labor Statistics released data showing that the consumer price index rose 4% in May compared to the previous year, the smallest increase since 2021.įurther evidence of cooling inflation sparked a fresh round of calls for the Federal Reserve to stop hiking interest rates before it pushes the economy into recession. "Corporate greed is a stubborn thing and requires serious action from Congress." On Tyson's earnings call in February, chief financial officer John Tyson hailed the "significant pricing power of our portfolio, with a year-over-year increase of 7.6%." Tyson stressed that the company will "continue to support and grow the dividend for our shareholders."Īccording to Accountable.US, Tyson "saw its net income increase from $3 billion in FY 2021 to over $3.2 billion in FY 2022 and rewarded shareholders with $1.35 billion in handouts-$652 million more than the previous year, including a 948.5% increase in stock buybacks." The company, which sells consumer products such as toilet paper and diapers, saw its 2022 net income increase 6.3% year-over-year to nearly $2 billion and rewarded shareholders with $1.7 billion in stock buybacks and dividends," Accountable.US found. Nelson Urdaneta, Kimberly-Clark's chief financial officer, said during the company's earnings call in April that "pricing has continued to be the big driver behind our top-line growth over the last three quarters." The report quotes directly from the executives of Kimberly-Clark, PepsiCo, General Mills, Tyson Foods, and other major U.S. 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." Feel free to republish and share widely.Īn 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. It is licensed under a Creative Commons Attribution-Share Alike 3.0 License. I won't be back.This article originally appeared at Common Dreams. ![]() I am satisfied with the result of my hair, but the prices just left a bad taste. I suppose I should have asked, what can I get for $175? maybe a haircut? But when in a pretentious salon, where prices are not posted anywhere, you don't feel comfortable asking about costs, as that just makes you feel like you are being cheap or something. They must have high chair rental rates, high overhead, etc. I have had just as talented stylists give me foils for $80. So above and beyond my gift of $175 I paid $90 extra for service with gratuity. Not all of that is 'styling time' as most of it is just waiting for the product to process. I had a Master stylist (which was the only person they said was available when I booked 3 weeks in advance for that specific date). Tiers of course for the Junior/Intermediate/Master stylist levels. Their website has 'vague' pricing at best, with 'starting at' figures that only go up from there. I knew before I went that this place was expensive, but armed with $175 in gift certificates I'd been give for my birthday, I thought I could get some kind of service for this amount. I suppose you could call me frugal - however I don't mind 'paying up' for things I equate with value above and beyond the norm. Value for money? Very subjective, but I'd rate that a 2. Why a 3? Good service and skill level, for that I'd give a 4.5.
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