» Citigroup CEO Vikram S. Pandit’s upcoming compensation package, along with the compensation packages of other executives, was voted down by a majority of shareholders during an investors meeting in Dallas. While the vote was nonbinding, meaning the bank doesn’t actually have to act according to the shareholders’ wishes, the bank says it will not ignore its investors. “Citi’s board of directors takes the shareholder vote seriously,” said spokesman Jon Diat, adding, ” [We’ll] consult with representative shareholders to understand their concerns.”
Yes I do still say that, and here’s why: they might be frustrated with Wall Street and the bankers, but they’re directing their anger the wrong place. Wall Street didn’t impose failed economic policies… they ought to be in front of the White House. So I do stand by that.Herman Cain, refusing to back down from his criticisms of Occupy Wall Street. He insisted he stands behind his earlier comments that it isn’t a person’s fault if they succeed, but it is if they fail. Ron Paul disagreed, saying that Cain was “blaming the victims” of a bad business cycle, and calling out the Federal Reserve.
Don’t screw this up Yahoo.
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thenoobyorker says: I would love to see this not end with Rajaratnam, they may use him as an example but there are others that could/ should go to jail as well.
» SFB says: Assuming that’s how a lot of people feel about the situation. There were a lot of people who did bad things during this era. How it seems to us that financial industry crimes tend to happen is that someone takes the fall for something that goes way beyond that person. In a lot of ways, that’s what the Occupy movement seems to be about — not letting that simply happen. — Ernie @ SFB