Corporate lobbying groups linked to Goldman Sachs have directly lobbied the White House’s National Economic Council headed by Goldman’s immediate past president Gary Cohn, according to federal records reviewed by International Business Times. Cohn previously pledged...
Wall Street is flying high. Financial-sector stocks are up nearly 25 percent since Donald Trump was elected president, as the new administration has signaled intentions to repeal Obama-era financial regulations and filled the economic team with Goldman Sachs...
As lawmakers grilled Wells Fargo’s CEO at a Capital Hill hearing, a Washington-based think tank crunched company data. Their findings? If you paid federal taxes, you essentially subsidized the multimillion dollar payouts given to Wells Fargo executives who oversaw a...
The 20 richest people in America own more wealth than half the population of the United States combined. That’s one of the findings of a new report published by Chuck Collins and Josh Hoxie at the Institute for Policy Studies, a left-leaning think tank. “This divide...
Adding up the entire retirement account balances of more than 116 million American workers amounts to just 41 percent of the savings accumulated by 100 U.S. chief executives, a study released Wednesday showed. The Center for Effective Government and Institute for...
Marathon Oil Corp. CEO Lee Tillman took home a $1.7 million bonus last year, in part because of the company’s expansion into the Texas and North Dakota shale formations. Meanwhile, Exxon Mobil Corp. executives saw higher payouts, thanks partly to the oil giant’s...
… “If executives are loaded up with stock options and other types of equity-based pay, they have a personal incentive to boost share prices by whatever means necessary,” Sarah Anderson, global economy project director at the Institute for Policy Studies, said....
… Proponents of the pay ratio rule suspect the delay stems largely from ongoing business opposition. Sarah Anderson of the Institute for Policy Studies, a left-leaning think tank, says that corporations are worried about the public relations fallout that would...
Still, the sums collected in bonuses last year remain gargantuan relative to most Americans’ incomes, as advocates concerned with wealth inequality never fail to point out. The nonprofit Institute for Policy Studies noted in a report Wednesday that the nearly $30...
The report, authored by Robert Alvarez, who served as a Senior Policy Advisor to the Secretary of Energy during the Clinton administration, says the problem is that too often the spent fuel pools are storing more fuel — and more highly radioactive fuel —...
