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The significance of Citigroup’s shareholder revolt

Robert Reich, professor of public policy | April 18, 2012

The shareholders of Wall Street giant Citigroup are out to prove that corporate democracy isn’t an oxymoron. They’ve said no to the exorbitant $15 million pay package of Citi’s CEO Vikram Pandit, as well as to the giant pay packages of Citi’s four other top executives. The vote, at Citigroup’s annual meeting in Dallas Tuesday, … Continue reading »

Restore the basic bargain

Robert Reich, professor of public policy | November 29, 2011

For most of the last century, the basic bargain at the heart of the American economy was that employers paid their workers enough to buy what American employers were selling. That basic bargain created a virtuous cycle of higher living standards, more jobs, and better wages. Back in 1914, Henry Ford announced he was paying … Continue reading »