Sanders – Financial Treason & Crime

Lucas DiBlasi, 26 May 2021

Nearly every large company in the United States laid workers off, furloughed them or cut their salaries last year, all the while paying their CEOs incredible amounts of money.

After losing $4 billion, Norwegian Cruise Lines doubled the pay of CEO Frank Del Rio to $36.4 million. Hilton, the world’s second-largest hotel company, laid off about 22% of their global corporate staff before paying their CEO, Chris Nassetta, nearly $56 million.

And what’s Nassetta’s take on the year? He told investors he’s “pounding the table with optimism” and will be able to “return even more capital than we were pre-Covid to our shareholders.” Continue reading “Article: Opinion | CEOs are grossly overcompensated while workers suffer”

04/01/202104/02/2021

Article: Five ways Biden could crack down on dirty money and financial secrecy

Article - Academic, Publications

Five ways Biden could crack down on dirty money and financial secrecy

Brenda Medina, 01 April 2021

Early rhetoric from the Biden administration has encouraged anti-corruption advocates that the new president’s tenure in the White House may mark a turning point in the fight against dirty money and tax haven abuse — two overlapping problems made worse by a veil of secrecy that shields vast sums of money from tax collectors and law enforcement authorities.

“We will crack down on tax havens and illicit financing that contribute to income inequality, fund terrorism, and generate pernicious foreign influence,” the administration’s Interim National Security Strategic Guidance, released last month, says, identifying the fight against global corruption as a top security priority. The strategy mirrors promises Joe Biden made during his candidacy.

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08/04/201005/20/2020

Article: Wall Street’s Big Win

Article - Media

Wall Street’s Big Win

Matt Taibbi

Rolling Stone, 4 August 2010

Cue the credits: the era of financial thuggery is officially over. Three hellish years of panic, all done and gone – the mass bankruptcies, midnight bailouts, shotgun mergers of dying megabanks, high-stakes SEC investigations, all capped by a legislative orgy in which industry lobbyists hurled more than $600 million at Congress. It all supposedly came to an end one Wednesday morning a few weeks back, when President Obama, flanked by hundreds of party flacks and congressional bigwigs, stepped up to the lectern at an extravagant ceremony to sign into law his sweeping new bill to clean up Wall Street.

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