COVID Stimulus Watch Individual Entry
Recipient Company:
LABORATORY CORP OF AMER
Loan or Loan Guarantee Amount:
$4,372,644
Recipient Details
Ownership Structure: publicly traded (ticker symbol LH)
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: Laboratory Corp. of America
Headquartered in: North Carolina
Parent Sector: healthcare services
Parent Industry: healthcare services
Employees (prior to pandemic): 65,000
Accountability Issues Since 2010
Employment-related Penalties: $2,823,742
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $142,001
Consumer Protection / Financial / Competition-related Penalties: $235,000
Ratio of CEO Pay to that of Median Worker: 314 to 1
CEO Compensation: $13,138,362
Worker Median Pay: $41,834
Total Federal, State, and Local Subsidies: $25,558,335
Federal Corporate Income Tax Rate: 24.1%
Violation Tracker
Tax / Subsidy Issues
Contracting Issues
Environment / Safety Issues
Consumer Protection Issues