COVID Stimulus Watch Individual Entry

Recipient Company:

International Paper Co

Loan or Loan Guarantee Amount:

$2,240,143

Recipient Details

Ownership Structure: publicly traded (ticker symbol IP)

Award Date: Aug 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:

Parent Company: International Paper

Headquartered in: Tennessee

Parent Sector: paper and packaging

Parent Industry: paper & packaging

Employees (prior to pandemic): 51,000

Employment-related Penalties: $35,109,400

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $9,870,759

Ratio of CEO Pay to that of Median Worker: 179 to 1

CEO Compensation: $15,924,647

Worker Median Pay: $88,810

Total Federal, State, and Local Subsidies: $225,186,506

Federal Corporate Income Tax Rate: 17.8%