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Showing blog posts tagged with Dodd-Frank Act

Investors with $3 Trillion in Assets Call for CEO-to-Worker Pay Ratio Disclosure

Today, more than 100 institutional investors with a combined $3 trillion in assets under management sent a letter to the U.S. Securities and Exchange Commission in support of a CEO-to-worker pay ratio disclosure. The signatories of the investor statement on pay ratio disclosure include a variety of pension plans, asset managers, foundations, faith-based funds and state treasurers.

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Six Years After Dodd–Frank, a Lot of What Occurs on Wall Street Is Nothing More Than Gambling

Photo by thenalls/Flickr

Six years ago this week, hundreds of people gathered in Washington to watch President Barack Obama sign into law the Dodd–Frank Wall Street Reform and Consumer Protection Act. On that day there was a hope that its passage marked the beginning of a new phase in Washington’s approach to Wall Street regulation.

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Congress Must Defend, Strengthen Wall Street Reform or Risk Return of ‘Casino’ Economy

The AFL-CIO Executive Council urged Congress to stand with the labor movement and President Barack Obama in defending the Dodd–Frank Wall Street Reform and Consumer Protection Act from attacks by Wall Street’s friends in Congress, in a statement released yesterday at its winter meeting in Atlanta. The council also urged new financial industry reforms.

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SEC Rule on CEO Pay Helps Investors Judge Compensation Practices That Affect Performance

Photo by Brandon Rees

Corporations will no longer be able to hide how much CEOs are paid compared to the workers who make those companies run, under a rule proposed today by the U.S. Securities and Exchange Commission (SEC). The rule requires companies to disclose the ratio of total compensation between chief executive officers and the median pay of employees.

That new rule does far more than help point out the historic and growing massive gap between CEO and worker pay. It is an important tool for investors to judge a company’s internal compensation structure, says AFL-CIO President Richard Trumka.

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From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics

“From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics,” by Thomas Palley, published by Cambridge University Press, 2012.

Thomas Palley, the former Bernard L. Schwartz Economic Growth fellow at the New America Foundation and former assistant director of public policy at the AFL-CIO, joined us here today at the federation to discuss his new book, From Financial Crisis to Stagnation: The Destruction of Shared Prosperity and the Role of Economics. The event is the third in the AFL-CIO summer book series, which includes discussions with noted economists who will talk about their new books on jobs, inequality and the U.S. financial crisis. (Get details and RSVP here.)

In his new book, Palley sets out to explain the cause of the 2008 financial crisis and what can be done to prevent another economic collapse. Here is a Q and A with the author:

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Which Greedy Banker Said It? Play the Wall St. Quotes Game

Carrie Sloan

At the height of the Wall Street financial scandal that rocked this country into near economic ruin, bankers were ablaze with greed. To mark the approaching two-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the think tank Demos has compiled some of the more colorful quotes from this group and challenges you to guess who said them.

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