Elizabeth Warren Profile picture
Aug 20, 2019 4 tweets 2 min read Read on X
A year ago, I called out CEOs and the Business Roundtable for their single-minded focus on maximizing shareholder value at the expense of workers. Looks like they finally got the memo. But without real action, their announcement is meaningless. cnn.com/2019/08/19/inv…
Jamie Dimon, CEO of JPMorgan Chase, leads the group that put out yesterday's statement. Will he put his money where his mouth is and actually raise pay for workers instead of spending billions on stock buybacks for shareholders? cnn.com/2019/04/10/pol…
Another question: Dimon and the Business Roundtable have been busy lobbying for NAFTA 2.0. Will they change their tune now and back American workers and unions who are fighting for a better agreement? thehill.com/business-a-lob…
Here’s the bottom line: If Dimon and the Business Roundtable are serious about their statement, we need to see real action. They can start by empowering workers and supporting my Accountable Capitalism plan. vox.com/2018/8/15/1768…

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More from @ewarren

Jul 16
You know who’s cheering for J.D. Vance? Billionaires. Election deniers. And anti-abortion rights extremists. But this pick is bad news for everyone else. Here’s why:🧵
Vance thinks seniors should get by with less—he’s called Social Security & Medicare “the biggest roadblocks to any kind of real fiscal sanity.” He thinks sick people should pay more—opposing the ACA, which Trump promises to repeal. And he wants more tax breaks for billionaires.
Vance thinks everyone should get by with less EXCEPT the billionaires. He’s backing Trump as he proposes another billionaire tax break that is worth $3.5 million apiece, every year—$3.5 million a year for every billionaire.
Read 6 tweets
Jun 10
Don’t blame it on the endless shrimp.

Recently, Red Lobster declared bankruptcy, and even though it’s no laughing matter, the jokes practically wrote themselves—how could a company that offers endless shrimp NOT run out of money? But let’s look below the surface:
Red Lobster’s real downfall wasn’t endless shrimp—it was private equity’s endless greed.

You see, a private equity firm bought Red Lobster in 2014, & did their thing: looted profits, loaded Red Lobster up with debt, & saddled the restaurant chain with extra real-estate costs.
They followed a blood-sucking model that reaps rewards for private equity owners but leaves communities, workers, and customers holding the bag.
Read 8 tweets
Jun 4
Recently, Donald Trump and President Biden both did in-depth interviews with TIME Magazine.

The difference was stark.

Let’s take a look. 🧵
Trump refused to rule out signing a national abortion ban, and he said he’d let states “monitor” pregnant women and pass dangerous restrictions.
And Trump invited violence—once again refusing to say he will accept the outcome of the election when he loses.
Read 4 tweets
Jun 4
When I first ran for Senate, I talked about the student in Worcester who worked hard to get a college education but was drowning in student debt. Now, I’ve helped deliver student debt cancellation for nearly 5 million hardworking people in Massachusetts and all across America.
When I first ran for Senate, I spoke with seniors in Barnstable who couldn’t afford their medicine at the end of the month. Now, I’ve helped deliver $35 dollar/month insulin and a $2,000/year cap on prescription drugs under Medicare.
When I first ran for Senate, I spoke with construction workers in Malden who struggled to find work. Now, under President Biden’s Bipartisan Infrastructure Law, I’ve helped bring home $20 billion for projects that are rebuilding our Commonwealth and creating good union jobs.
Read 5 tweets
May 10
If you’ve ever experienced the sheer joy of having a flight canceled & sitting on the floor of a terminal while on hold with customer service, listening to upbeat elevator music for hours in order to receive a refund in the form of a measly voucher, I’ve got great news for you:
The Biden-Harris administration recently announced new rules that protect airline travelers, including requiring airlines to automatically give full cash refunds. But we faced a roadblock while getting this across the finish line.
I noticed one line in the proposed FAA Reauthorization Act of 2024 that completely stripped the “automatic” part out of the automatic refunds. Customers would be forced to manually request refunds in writing or online, wasting time and energy.
Read 5 tweets
Dec 16, 2023
This year, nearly 300k Americans got hit with sledgehammer news that they have prostate cancer. Then came another sledgehammer: the cost of treatment. A drug called Xtandi could save their lives but costs up to $190,000/year. It’s a familiar story of corporate greed.
Taxpayer dollars helped develop Xtandi. Just to show what chumps Big Pharma makes of Americans, Astellas—the company that manufactures Xtandi—charges U.S. customers as much as six times more than patients in other countries.
The Biden-Harris administration is fighting back against Big Pharma’s greed: under a new proposal, if taxpayer dollars helped develop a drug—and if the company holding the patent has blocked access by jacking up the price—other companies could produce lower-cost generics.
Read 4 tweets

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