by Richard Eskow | Sep 11, 2014 | Blog, Financial Reform
Two little-known rules on corporate reporting of executive pay are currently being reviewed by the Securities and Exchange Commission. While they have received almost no press coverage, these rules could have far-reaching consequences for our nation’s economy and the...
by Dave Johnson | Sep 9, 2014 | Economy, Financial Reform
Are We the People the boss of the corporations, or are the corporations the boss of We the People? The Securities and Exchange Commission (SEC) needs to be reminded which way that question is supposed to be answered. The SEC is the agency set up by We the People to...
by Eileen Appelbaum | Aug 22, 2014 | Financial Reform
Michael’s Stores was taken private in a leveraged buyout on October 31, 2006. At the time of LBO, Highfields Capital Partners, which owned shares in the specialty retailer, was allowed to retain its interest – worth about $200 million. Funds of two private equity...
by Lynne Stuart Parramore | Aug 21, 2014 | Economy, Financial Reform
Everyone from Warren Buffett to Robert Reich is talking about a favorite Wall Street trick called stock buybacks. But what are they and what do they mean to you? William Lazonick is a leading expert on the history of the American business corporation. A professor of...
by Lynne Stuart Parramore | Aug 13, 2014 | Financial Reform
We hear a lot of big talk about how Dodd-Frank has made the financial system safer. That law was enacted to make certain that the country never gets blown apart by a financial crisis like the one in 2008. But does anybody really believe it? The bank regulators sure...
by Richard Eskow | Aug 8, 2014 | Blog, Financial Reform
Preliminary reports say that a $16 to $17 billion settlement will soon be announced between the Justice Department and Bank of America. That would break the record for the largest bank settlement in history, set less than a year ago by a $13 billion agreement between...
