Labor & Employment Law

Wall Street?s Lobbying On Financial Reform Can?t Duck 2010 PayWatch Spotlight

By Mike Hall

Be sure to be here tomorrow when the 2010 AFL-CIO Executive PayWatch shines its spotlight on Wall Street’s Big Six: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo/Wachovia.

The six banks, which received billions of dollars from the Treasury Department’s Troubled Assets Relief Program, now are spending millions of dollars to lobby on financial reform in Congress.

AFL-CIO President Richard Trumka will host a live webcast at noon EDT tomorrow to review the new data and outline plans to enact real financial regulatory reform and make Wall Street pay for job creation through a financial speculation tax. Click here for more information on the webcast.

AFL-CIO Executive PayWatch also will unveil:

• New analyses of CEO pay at financial institutions aggressively fighting financial regulatory reform.
• The updated and comprehensive executive pay database.
• An overview of the union movement’s grassroots campaigns to engage the public and urge Congress to act.

The 2010 Executive PayWatch also updates its comprehensive database of executive compensation for thousands of corporations.

Full post as published by AFL-CIO NOW BLOG on April 12, 2010 (boomark / email).