'CEOs can't stop bragging on corporate earnings calls about jacking up prices on consumers to keep their profits soaring,' said owenslindsay1 of Groundwork.
, have announced in recent months that they're moving to hike prices on consumers, often blaming the broader"inflationary environment." Outgoing Starbucks CEO Kevin Johnson—who saw his compensation soar by 39% to $20.4 million in 2021—said during his company's fourth-quarter earnings call that impending price increases are aimed at mitigating"cost pressures including inflation.
But recent survey data indicates that Americans aren't buying the companies' justifications for higher costs. A Data for Progress
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