Posted on 02/12/2015 2:19:12 PM PST by Lorianne
Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service. In letters delivered to the Securities and Exchange Commission (SEC) over the last month, Citi, Goldman Sachs and Morgan Stanley seek exemption from a shareholder proposal, filed by the AFL-CIO labor coalition, which would force them to identify all executives eligible for these financial rewards, and the specific dollar amounts at stake. Critics argue these "golden parachutes" ensure more financial insiders in policy positions and favorable treatment toward Wall Street.''
(Excerpt) Read more at newrepublic.com ...
I think the MSM, big healthcare, and major universities do the same thing.
In a perverse way, I can’t blame them. On the other hand, it’s really f’d up.
From the Wall Street point of view, they need someone looking out for them, and the government’s kleptomania is unbounded.
From the Main Street point of view, the Wall Street kleptomania is only exceeded by the government’s!
Extortion-Care Trafficking
Because it’s all about buying and selling human flesh as Body Mortgages by “insurance”-”banking”. To be bought, sold, and traded, like animals, as the next Mortgage Backed Securities. Trafficking
Which is why Extortion-Care was bribed through, the ponzi MBS backstop. Trafficking in the selling of Human Body Mortgages by so called “insurance-banking.”
The new MBS, leveraged to any amounts, to any forced deductibles, any forced premiums, any forced coercion taxation, any forced account seizures. The selling and trafficking in Human Body Mortgages
Ugh! I agree with a union! I have union germs! Get hot water! Get some disinfectant! Get some Iodine!
“Citigroup is one of three Wall Street banks attempting to keep hidden their practice of paying executives multimillion-dollar awards for entering government service.”
Just like the homo’s and the liberal/communist infiltrating
the Catholic Church and the republican party.
If there were 1/10th as many regulatory jobs, there would be 1/10th the opportunity for abuse like this.
It’s laughable that the AFL CIO is complaining about this. They’re just as bad as the investment banks. There’s a continual flow back and forth between government positions and union leadership.
Crony corporatism
Crony unionism
Crony NGO’ism
What they all have in common is a huge government of effectively unlimited powers.
Well said! sad to say
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