I Listened In on Big Business. It’s Profiting From Inflation, and You’re Paying for It. [nytimes.com]
By Lindsay Owens, Photo: Jutharat Pinyodoonyachet/The New York Times, The New York Times, May 5, 2022 Last fall, as container ships piled up outside the Port of Los Angeles, it looked as if inflation was going to be with us for longer than many had predicted. Curious how C.E.O.s were justifying higher prices, my team and I started listening in on hundreds of earnings calls, where, by law, companies have to tell the truth. While official statistics on inflation such as the Consumer Price...