COVID Stimulus Watch Individual Entry
Recipient Company:
BROADCOM INC
Loan or Loan Guarantee Amount:
$2,073,375
Recipient Details
Ownership Structure: publicly traded (ticker symbol AVGO)
Award Details
Award Date: Jul 10, 2020
Award Type: loan
Award Details: Amount represents the purchase price of company bonds bought by the Fed.
Program Name: Secondary Market Corporate Credit Facility
Legislation: CARES
Awarding Agency: Federal Reserve
Data Source for Award:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: Broadcom
Headquartered in: California
Parent Sector: electrical and electronic equipment
Parent Industry: electronic equipment
Employees (prior to pandemic): 19,000
Accountability Issues Since 2010
Employment-related Penalties: $12,791
Government-contracting-related Penalties: $64,000,000
Environmental / Healthcare / Safety Penalties: $20,000
Good Jobs First has no data in this category
Ratio of CEO Pay to that of Median Worker: 7 to 1
CEO Compensation: $2,366,888
Worker Median Pay: $354,119
Total Federal, State, and Local Subsidies: $3,102,086
Violation Tracker
Employment Issues
Tax / Subsidy Issues
Environment / Safety Issues
Consumer Protection Issues
CEO Pay Issues