COVID Stimulus Watch Individual Entry
Recipient Company:
PACKAGING CORP OF AMERIC
Loan or Loan Guarantee Amount:
$1,648,929
Recipient Details
Ownership Structure: publicly traded (ticker symbol PKG)
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: Packaging Corporation of America
Headquartered in: Illinois
Parent Sector: paper and packaging
Parent Industry: packaging
Employees (prior to pandemic): 15,500
Accountability Issues Since 2010
Good Jobs First has no data in this category
Good Jobs First has no data in this category
Environmental / Healthcare / Safety Penalties: $978,443
Good Jobs First has no data in this category
Ratio of CEO Pay to that of Median Worker: 126 to 1
CEO Compensation: $10,338,117
Worker Median Pay: $71,268
Total Federal, State, and Local Subsidies: $128,722,913
Federal Corporate Income Tax Rate: 16.2%
Violation Tracker
Employment Issues
Contracting Issues
Environment / Safety Issues
Consumer Protection Issues