FROM Nell Minow
Judge Stuns Wall Street, Tosses Out SEC Pact with BofA Executives at Merrill Lynch got $3.6 billion in bonuses just as their firm was about to be merged with Bank of America, but neither company told shareholders before they approved the deal. The Securities and Exchange Commission settled the case for $33 million. Yesterday Federal Judge Jed Rakoff said that fails to meet "the most elementary notions of justice and morality." Nell Minow is Editor at the Corporate Library and author of three books on corporate governance.
Public Outraged at Wall Street Excess With layoffs reaching massive proportions and the government spending billions to bail out financial institutions, Wall Street bankers gave themselves nearly $20 billion in bonuses. Private jets and expensive interiors are not things of the past. President Obama responded today by calling such bonuses “ the height of irresponsibility .” What can be done? Nell Minow is editor at the Corporate Library and co-author of three books on corporate governance .
Will the Senate write a healthcare bill in secret? While Democrats and Republicans argue White House relations with Russia, another question is being decided behind closed doors: who gets help buying health insurance and who doesn't? We hear how the pros and cons are being shrouded in secrecy.
Trump's 'America First' goes missing abroad In the Middle East, President Trump is changing some policies of the Obama Administration—and reversing his own campaign attacks on Islam as a religion that "hates us." We hear about his visit to Saudi Arabia and what's at stake for the rest of his foreign excursion.
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.