During former Citigroup executive Jack Lew's recent confirmation as Treasury Secretary, some people were troubled to learn that the big bank had promised him special financial awards if he left to take a job in the government. But a review by POGO shows that Lew's deal with Citi was no anomaly.
Why don't more companies embrace trust as a tangible, learnable, and measurable asset? Because it requires four things that don't fit the business world's current obsession with instant gratification -- time, effort, diligence and character.
Who better than professional money managers to raise and invest funds while applying the skills that make them successful in their day jobs to philanthropic initiatives?
Think our problems can be solved with a regulatory nip here and a fiscal tuck there? Believe that our fiscal and monetary challenges can be overcome if we just get "the rich" to pay their "fair share?"
Banks, after all, are nothing but corporations. Corporations are legal constructs that citizens have the right to rebuild to properly serve society. European countries began doing that last week.
Wwhile much of the pain may not be immediate, the sequester will soon take a horrible toll on all of us. To me it's just another reminder that the rich get richer while the rest of us just get screwed.
Instead of taking this opportunity to reform, the industry's big players appear to be digging in, and continuing to use their revenues -- about 86 percent of which come from taxpayers -- to engage in lobbying and propaganda aimed at convincing the public that everything is fine.
The House of Representatives, where Congress gathers to hear the president, used to be known as "The People's House." But money power owns the lease now and runs the joint from hidden back rooms.
Everyone seems to agree that healthcare is failing and that costs are too high. It isn't, and they aren't. Healthcare is keeping us healthier longer than ever before, and the costs are skyrocketing because so too is demand.
In the end, it doesn't matter whether these folks are Democrats or Republicans, nor whether they are operating at the highest levels of government or banking -- they take care of their own.
This week, politicians, writers, activists and nonprofit leaders are gathered in Davos, Switzerland for the 43rd annual meeting of the World Economic Forum. While the issues to be addressed range from healthcare to regulation to the environment, the two of us share an interest in one particular topic -- economic growth and job creation. The Huffington Post and Goldman Sachs come at this issue with different perspectives, but a common goal. So today, our two organizations are joining forces to examine what entrepreneurs are doing to drive growth around the world and apply the lessons we have learned. Based on the experience of Goldman Sachs' 10,000 Women initiative and HuffPost's commitment to showcasing "What Is Working," we are appearing together today in Davos to open up the conversation about helping to build a global economy that not only grows but also provides much greater opportunities and prosperity to women and men alike.
See, folks, this right here is an example of how the rest of us playing checkers while Goldman Sachs is playing three-dimensional chess.
Angry about your paycheck shrinking this year because the payroll tax cut expired? Well, this should cheer you right up: Goldman Sachs's CEO got a 75 percent raise this year.
It appears that the big government hand that "fed" AIG slipped in a few doses of poison as well as sustenance, and then diverted some of that sustenance to AIG's big bank counterparties. To borrow a Taibbi term of art, sometimes it takes a vampire squid to beat a vampire squid.
Big Money, as Krugman writes in his book, buys Big Influence. And that's why the financiers of Wall Street never truly experience regime change -- their cash brings both political parties to heel.
Forty more corporate CEOs, including JetBlue's, have joined a covert lobbying group for Wall Street, billionaires, and the defense industry called "Fix the Debt," in an effort to maximize their own already-swollen bank accounts by destroying your financial future.