Coping with Corporate Greed
We need to redistribute the wealth
Don’t have a Medium account? Click here to view this story with no account.
I remember attending a fireside chat at a former company where the CFO smugly announced, “We have over $650 million dollars in the bank untouched.” The room filled with nods and murmurs of approval. I couldn’t join in however. It felt weird to hear a CFO boast about hoarding wealth while the gig workers who sustained the company struggled to earn a living wage. Days before this chat, I read an article highlighting how San Francisco mishandled and poorly tracked funds allocated to support the unhoused. In 2022–2023, the city spent around $676 million on this issue — almost the same amount that that company had idly sitting in a bank.
It got me thinking: How much money do other companies have sitting around untouched?
Why isn’t this wealth being circulated? What social good could be achieved if it were? Could we feed the hungry and house the unhoused? The answer is yes. With the profits of just a few corporations, we could solve these issues hundreds of times over. Let’s examine the data to understand how.
The Cost Breakdown
The actual numbers here will vary slightly due to the ability to…
