COVID Stimulus Watch Individual Entry
Recipient Company:
WW Grainger Inc
Loan or Loan Guarantee Amount:
$2,118,243
Recipient Details
Ownership Structure: publicly traded (ticker symbol GWW)
Award Details
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:
https://www.federalreserve.gov/publications/reports-to-congress-in-respo...
Parent Company Data
Parent Company: W.W. Grainger
Headquartered in: Illinois
Parent Sector: wholesalers
Parent Industry: wholesalers-industrial equipment
Employees (prior to pandemic): 25,300
Accountability Issues Since 2010
Employment-related Penalties: $3,465,000
Government-contracting-related Penalties: $70,000,000
Environmental / Healthcare / Safety Penalties: $795,333
Consumer Protection / Financial / Competition-related Penalties: $12,000
Ratio of CEO Pay to that of Median Worker: 116 to 1
CEO Compensation: $7,665,127
Worker Median Pay: $66,072
Total Federal, State, and Local Subsidies: $10,682,847
Federal Corporate Income Tax Rate: 14.7%
Violation Tracker
Tax / Subsidy Issues
Environment / Safety Issues
Consumer Protection Issues