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Bank

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Banking App Gives Hope To iPhone Sweatshops

via William Pesek, Bloomberg The iPhone has become a symbol of something Steve Jobs never envisioned: Chinese sweatshops. Were the late Apple Inc. co-founder still with us, he would surely dispute that. But facts are facts, and any of us (full disclosure: this includes me) who use one of Apple’s smartphones, iPads or iPods is, … Continue reading

Citigroup Shareholder Sues CEO, Directors For Outsized Executive Pay Packages

via Reuters, The Huffington Post Days after being rebuked by shareholders, Citigroup Inc Chief Executive Vikram Pandit and the bank’s directors have been sued for allegedly awarding outsized pay to top executives. The complaint filed Thursday in Manhattan federal court accuses directors of breaching their fiduciary duties by awarding more than $54 million of compensation … Continue reading

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