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XPO Logistics, Inc (NYSE:XPO) - Teamsters See Pro-labor Proposal Leveling Playing Field At XPO

Share: Legislation that the International Brotherhood of Teamsters asserts will make collective bargaining more fair at XPO Logistics (NYSE: XPO) and other trucking companies has the potential to gain traction in the current Congress – and it has the full support of President Joe Biden. The Protecting the Right to Organize (PRO) Act was introduced in February and House Majority Leader Steny Hoyer, D-Md., said he plans to take it up for consideration next week. The bill was approved by the House when it was introduced a year ago, but then-Senate Majority Leader Mitch McConnell, R-Ky., vowed not to bring it to the Senate floor for a vote, and President Trump said he would veto it.

The CEO of opioid drug maker AmerisourceBergen got a $14 million raise thanks to a controversial accounting method

The substantial payout was only possible because AmerisourceBergen relied on a controversial accounting method: excluding legal settlement costs from its year-end CEO evaluation.

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