Clinton Soft Swipe at Shortermism; Iraq War General Odierno at JPMorgan Chase; Court Rejects Labeling Conflict Minerals
Clinton Takes Soft Swipe at “Shortermism”. Gerald Epstein of PERI, U. Mass. Amherst, argues that Clinton does not go far enough by just calling for transparency in “shortermism” because buybacks of corporate stocks should be made illegal.
Iraq War General Ray Odierno Cashing In With New Job at JPMorgan Chase. In a press release posted on JPMorgan’s website on Thursday, the firm announced that Odierno is joining the company in “a senior advisory capacity,” providing “strategic advice and global insights” to CEO Jamie Dimon as well as the company’s board of directors. The announcement also said Odierno “will represent JPMorgan Chase through engagement with clients, government officials and policy makers in the U.S. and internationally.”
In Victory for Corporations, Court Rejects Rule on Labeling Goods Containing “Conflict Minerals”. Since 1998, more than 5 million people have died in the Democratic Republic of Congo in what has been described as the deadliest documented conflict in African history. Much of the fighting has been over precious minerals including tantalum, tin, tungsten and gold.
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