COVID Stimulus Watch Individual Entry
Recipient Company:
QUEST DIAGNOSTICS INC
Loan or Loan Guarantee Amount:
$3,362,252
Recipient Details
Ownership Structure: publicly traded (ticker symbol DGX)
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: Quest Diagnostics
Headquartered in: New Jersey
Parent Sector: healthcare services
Parent Industry: diagnostic testing
Employees (prior to pandemic): 47,000
Accountability Issues Since 2010
Employment-related Penalties: $4,619,075
Government-contracting-related Penalties: $248,790,000
Environmental / Healthcare / Safety Penalties: $763,827
Consumer Protection / Financial / Competition-related Penalties: $513,000
Ratio of CEO Pay to that of Median Worker: 189 to 1
CEO Compensation: $10,131,566
Worker Median Pay: $53,492
Total Federal, State, and Local Subsidies: $25,464,777
Federal Corporate Income Tax Rate: 9.7%
Violation Tracker
Environment / Safety Issues
Consumer Protection Issues