{"id":5518,"date":"2015-02-10T07:04:30","date_gmt":"2015-02-10T12:04:30","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5518"},"modified":"2015-02-10T07:04:30","modified_gmt":"2015-02-10T12:04:30","slug":"crony-states-of-america-wall-street-firms-are-trying-to-hide-payoffs-made-to-employees-entering-government","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5518","title":{"rendered":"Crony States of America \u2013 Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government"},"content":{"rendered":"<h3 class=\"post-title\"><a href=\"http:\/\/libertyblitzkrieg.com\/2015\/02\/09\/crony-states-of-america-wall-street-firms-are-trying-to-hide-payoffs-made-to-employees-entering-government\/\" target=\"_blank\">Crony States of America \u2013 Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government<\/a><\/h3>\n<p><em><strong>\u201cThere is a lot of work ahead for the management to recover its reputation.\u201d<\/strong><\/em><\/p>\n<p>\u2013 John Whitehead, Ex-Goldman Sachs Chairman, in a 2010\u00a0<em>Wall Street Journal<\/em>\u00a0interview<\/p>\n<p><strong><em>Goldman Sachs\u00a0may need to work on its image.\u00a0This year, the firm\u00a0beat recall-riddled General Motors\u00a0along with\u00a0Koch Industries and BP for the\u00a0dubious distinction\u00a0of\u00a0worst corporate reputation, according to a new poll.\u00a0Market research firm Harris Poll on Wednesday, Feb. 4, published its 16th annual ranking of the 100 most visible companies in the U.S., sorted\u00a0by how positively the general public viewed them, and Goldman landed at the bottom.<\/em><\/strong><\/p>\n<p>\u2013 From the\u00a0<em>Bloomberg<\/em>\u00a0article:\u00a0<a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2015-02-05\/america-s-most-loved-and-most-hated-companies?hootPostID=d2fd9610bf369465ef463dfe2f061c86\">America\u2019s Most Loved and Most Hated Companies<\/a><\/p>\n<p><strong><em>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,\u00a0Citi,Goldman Sachs\u00a0and\u00a0Morgan Stanley\u00a0seek 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 \u201cgolden parachutes\u201d ensure more financial insiders in policy positions and favorable treatment toward Wall Street.<\/em><\/strong><\/p>\n<div><strong><em>\u00a0<\/em><\/strong><\/div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crony States of America \u2013 Wall Street Firms are Trying to Hide Payoffs Made to Employees Entering Government \u201cThere is a lot of work ahead for the management to recover its reputation.\u201d \u2013 John Whitehead, Ex-Goldman Sachs Chairman, in a 2010\u00a0Wall Street Journal\u00a0interview Goldman Sachs\u00a0may need to work on its image.\u00a0This year, the firm\u00a0beat recall-riddled [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,1718,182,1625,376,379,860],"class_list":["post-5518","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-citigroup","tag-crony-capitalism","tag-cronyism","tag-goldman-sachs","tag-government","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5518"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5518\/revisions"}],"predecessor-version":[{"id":5519,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5518\/revisions\/5519"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}