noted. 07/27/2011

• Wells Fargo Target Of Justice Department Probe; Agency Alleges Discriminatory Lending

  • WASHINGTON -- The Department of Justice is preparing a lawsuit against Wells Fargo, the nation's largest home mortgage lender, for allegedly preying upon African American borrowers during the housing bubble and steering them into high-cost subprime loans, according to three people with direct knowledge of the probe.

      

    The company, the fourth-largest U.S. bank by assets, is currently embroiled in pre-lawsuit negotiations with the Justice Department in hopes it will settle the accusations and avoid a public lawsuit, these people said.

      

• portland imc - 2011.07.26 - Goodwill CEO Pay is $692,984!

  • Here's what the top five people at Goodwill Industries of the Columbia Willamette make:

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    The top five highest paid employees for Goodwill Industries of the Columbia Willamette make a combined total of $1,506,373 in salary and benefits.    Micheal Miller CEO: $692,984.  Richard Knox (Finance): $249,996  Peter Collins (operations): $219,826  Bob Barsocchini (HR): $179,216  Cheryl Folk (Voc Services): $165,351

  • There are several other employees making over $100,000 in salary and benefits as well. When you donate to them, please know that your donations are helping to keep several individuals of a non-profit organization very profitable, so much so that they are paid enough to be in the top 1% of wage earners. The average employee at Goodwill is hired on at $8.50 to $9.00 an hour and unlike the above people have poor health benefits and zero incentive programs available to them. There is no reason why one of the highest revenue Goodwill corporations in the world cannot pay employees a living wage other than to funnel more money to the top people. Many of the people above drive cars that cost more than the yearly salary they pay their average employee.     Their "job connection" program consists of little more than a referral to use Indeed.com or monster.com. GICW does do some good in the community but please be mindful that they do just as much bad by making the items they recieved for free too expensive for the poorest of our community to afford while at the same time supporting the ever widening gap between the rich and poor. Shame on you Goodwill!

                         

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