The pharmaceutical industry isn’t working for most people in the US. Over 80 percent of Americans across the political spectrum believe that lowering drug costs should be a “top priority” for lawmakers and believe that prescription drug costs are “unreasonable.” This growing scrutiny presents an opportunity to question the ways that drug corporations run business, as

FOR IMMEDIATE RELEASE: February 21, 2019 CONTACT: Ariela Weinberger, aweinberger@rooseveltinstitute.org Kathy Mulady, k.mulady@peoplesaction.org   Creation of a Crisis: Why the Pharmaceutical Industry Chooses Profit Over People New issue brief explores how US policy choices have led to high drug prices, low health care investment, misaligned incentives, and escalating CEO pay across the pharmaceutical industry  

For nearly half of a century, America’s public corporations have been driven by a shareholder primacy approach to corporate governance, increasingly prioritizing shareholder payments over other, more productive uses of corporate resources. Over the same period, employee bargaining power has decreased and wages for nonexecutive workers have remained flat across sectors. In Ending Shareholder Primacy in Corporate Governance,

FOR IMMEDIATE RELEASE: February 14, 2019 CONTACT: Ariela Weinberger, aweinberger@rooseveltinstitute.org   Roosevelt Senior Economist Explores Corporate Prosperity and the Decline of Employee Bargaining Power Research finds that the rise of shareholder primacy has contributed to America’s high-profit, low-wage economy   NEW YORK, NY – Today, the Roosevelt Institute, a New York-based think tank that promotes

The 2016 corruption scandal at Wells Fargo, in which executives pressured employees to meet “wildly unrealistic sales targets,” created a work environment described as “relentless pressure.” Once revealed, the massive fraud committed against millions of consumers led to congressional hearings, substantial fines by state and federal regulators, and a series of announced changes by Wells

FOR IMMEDIATE RELEASE: April 18, 2018 CONTACT: Alexander Tucciarone, atucciarone@rooseveltinstitute.org, 516-263-9775   NEW ROOSEVELT NETWORK REPORT: MICHIGAN STATE UNIVERSITY OFFICIALS ENGAGING IN EGREGIOUS FINANCIAL MISMANAGEMENT Student-Led Report Examines Financial Misjudgments and Points to Outsized Role of Financial Actors at Universities, in Broader Economy   EAST LANSING, MI – The Roosevelt Network today released a new

The Financialization of Higher Education at Michigan State University is the latest report from Roosevelt’s Financialization of Higher Education project. To learn more about the project, click here. America’s higher educational institutions today are a far cry from the promise progressives have envisioned for higher education. Successful public higher educational institutions have, rightly so, been defined as

Larry Fink’s annual letter to CEOs is making waves for its pronouncement that “companies must benefit all of their stakeholders, including shareholders, employees, customers, and the communities in which they operate.” Fink is the head of $6.3 trillion dollar asset manager BlackRock and the leader of a rising chorus calling on companies to stop focusing

Why This Matters is a series from Roosevelt staff connecting our individual work—from papers to reports and everything in between—to our broader vision of creating a better, more equitable economic and political system. This series will give readers the top takeaways from our latest writing and thinking, with a focus on why they matter as we

The ability of workers to bargain for a greater share of a firm’s corporate profits has eroded over decades, and one of the growing drivers of this reality is the financialization of the corporate sector. Corporate financialization can be summed up as two behaviors: firms (like Walmart or Pfizer) increasingly earning profits from financial activity