September 21, 2013 — By Phil Angelides, Special to the Sacramento Bee. Five years ago this week, the nation’s financial system unraveled due to recklessness on Wall Street and regulatory failure in Washington. The fallout from the financial crisis cost millions of Americans their jobs, homes and life savings, and resulted in deep and lasting damage to … Continue reading
Tagged with executive compensation …
On the 5th Anniversary of the Financial Crisis, 5 Critical Must Do’s – No. 4
Five years ago this week, the financial system came unhinged due to years of recklessness on Wall Street and regulatory neglect in Washington. The American people paid a terrible price – persistent and widespread unemployment, millions of foreclosures, and household wealth and retirement savings wiped away. Yet, little, if anything, has changed on Wall Street … Continue reading
BLOOMBERG | CEO Pay 1,795-to-1 Multiple of Wages Skirts U.S. Law
April 29, 2013 – Bloomberg’s Elliot Blair Smith reports: “Former fashion jewelry saleswoman Rebecca Gonzales and former Chief Executive Officer Ron Johnson have one thing in common: J.C. Penney Co. (JCP) no longer employs either. The similarity ends there. Johnson, 54, got a compensation package worth 1,795 times the average wage and benefits of a U.S. department store worker when … Continue reading
