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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 »