World-News

Salvatore Babones, Truthout: ''The idea that corporations should seek to maximize shareholder value, and nothing else, was born in the 1980s and rose to dominance in the 1990s. Before the 1990s, many people believed that corporations existed to produce useful goods, provide important services, generate meaningful employment and support vibrant communities. How quaint that sounds today.''

http://truth-out.org/news/item/8105-ceo-pay-money-well-earned



Whose Recovery?

Robert Reich, Robert Reich s Blog: ''Luxury retailers are smiling. So are the owners of high-end restaurants, sellers of upscale cars, vacation planners, financial advisors, and personal coaches. For them and their customers and clients the recession is over. The recovery is now full speed.But the rest of America isn t enjoying an economic recovery. It s still sick. Many Americans remain in critical condition.... It s almost a certainly that all the gains went to the top 10 percent, and the lion s share to the top 1 percent. Over a third of the gains went to 15,600 super-rich households in the top one-tenth of one percent.''

http://truth-out.org/opinion/item/8235-whose-recovery?



U.S. Corporate Tax Rate Much Lower Than Most Other Developed Nations

Pat Garofalo, ThinkProgress: ''Republicans have been kvetching about the fact that, as of Sunday, the U.S. will have the highest statutory corporate tax rate in the world following a scheduled cut in Japan s corporate tax. 'The United States is a world leader in countless ways. 'World's Highest Taxes' is a title we should give up as soon as possible,' wrote Sen. John Barrasso (R-WY) in a Fox News op-ed.... The U.S. both taxes its corporations less and raises less in revenue from corporate taxes than its foreign competitors.''

http://truth-out.org/news/item/8233-reality-check-us-corporate-tax-rate-much-lower-than-most-other-developed-nations



Shareholders Say No to Citigroup CEO Pay: A Model for Fighting Crony Capitalism

Dean Baker, Truthout: ''Last week, the country saw one of the fruits of the Dodd-Frank financial reform bill. The bill requires that major corporations offer their shareholders the opportunity to vote on the pay package for their chief executive. The shareholders of Citigroup voted down the $14.9 million pay package for CEO Vikram Pandit by a margin of 55-45 percent. The vote was nonbinding (a very serious problem), but it was nonetheless a huge slap in the face for Pandit and Citigroup s top management and directors.''

http://truth-out.org/news/item/8669-shareholders-say-no-to-citigroup-ceo-pay-a-model-for-fighting-crony-capitalism

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The 1% strike back

Our Future Blog
by Robert Borosage

03/29/12

In 2010, as the economy began its slow recovery from the Great Recession, a new study shows the richest 1% of Americans captured a staggering 93% of all income growth, while the incomes of most Americans stagnated. 93%. Occupy that. The 1% are back. The stock market, leading source of wealth for the few, rebounded. Housing, the leading source of wealth for middle income Americans, continued to decline. Median CEO pay soared a stunning 27%. When the 2011 figures come out, the disparities will be even greater...

http://www.ourfuture.org/blog-entry/2012031329/1-strike-back


Informant: Thomas L. Knapp

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Jobs Report Tempers Hopes of Accelerating US Recovery
http://www.commondreams.org/headline/2012/04/06-4

Bank CEOs Gain as Millions Lose Dreams, Retirement to Foreclosure
http://www.commondreams.org/view/2012/04/25-5



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recovery
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=corporat
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=capitalis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=stock+market
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=shareholder+value
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dodd-Frank
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Big+Banks
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Citigroup
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=CEO
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=housing
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=foreclosure
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=retirement
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Salvatore+Babones
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Borosage
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Robert+Reich+Blog
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Pat+Garofalo
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=John+Cavanagh
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Scott+Klinger

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