New Orleans Ken Lewis, the CEO and Chairman of Bank America has somehow joined Vikram Pandit of Citi as about the only old bulls of banking still left sitting after the implosion within the financial services industry. It is almost unbelievable that they are still there. Pandit has shed and shuffled board …
Tag: Issues and Ideas
Union Made and Union Owned
New Orleans News of a settlement by the United Auto Workers (UAW) averting bankruptcy at Chrysler and announcements by General Motors of their strategy for survival create a historic reinvention of capitalism in modern America. If these plans are implemented, then the UAW will own some 39% of GM and 55% of Chrysler. The …