July 21, 2011 — Adam Katz
Taxpayers provide billions of dollars in subsidies to some of the country's largest corporations. These behemoth companies — often referred to as "job creators" by conservative talking heads — then make billions of dollars in profits and disburse billions of dollars in dividends to shareholders (the owners). But, what do taxpayers get in return? More jobs?
June 14, 2011 —
By Responsible Wealth Intern, Adriana Hernandez
Since last fall, Responsible Wealth (RW) members and our allies have been working on a shareholder resolution and strategies to shed light on how banks and mortgage servicing institutions are handling foreclosures.
Through this work RW developed partnerships with, among others, New York’s Neighborhood Economic Development Advocacy Project (NEDAP) and the PICO National Network. Together, we drafted resolutions on foreclosure mitigation practices, and consolidated our resolutions into one that targeted the use of robo-signing throughout the foreclosure process.
Thanks to the support of RW members, this resolution was filed at Bank of America, JP Morgan Chase and Wells Fargo in November. Unfortunately, our resolution was beat out by less than 48 hours by similar resolutions filed by the AFL-CIO and the Comptroller of the City of New York. As a result, our resolutions were not on the ballots (as those that preceded were substantially similar), but that didn’t mean our fight was over.
April 17, 2011 — Brian Miller
February 1, 2011 — steveschnapp
This week, Massachusetts residents have an opportunity to advance the movement for economic justice in the Bay State by urging their state representatives and senators to support the Higher Education Transparency Act.
When corporations acquire too much power and influence, it threatens the air we breathe, the water we drink, and the health of our democracy. Amid the rising power and political muscle of major corporations in recent decades, the need to counter greedy and harmful corporate practices has grown exponentially.
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