Citigroup shareholders have voted down the bank’s $15 million pay package for its chief executive, Vikram Pandit. It’s the first time that stock owners have united in opposition to outsized compensation at a major bank. Is this a new era of bank backlash? Eleanor Bloxham is the CEO of The Value Alliance, a board advisory […]
The Labor Department releases November unemployment data this morning. In October, the economy lost 240 thousand jobs and November may deliver some even bleaker numbers. Economist Peter Morici, a professor at the University of Maryland School of Business, looks at the numbers.