lisa lindsley afscme, "too big to fail banks - perspective from the us" 26 march 2013 pirc...
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U.S. Perspective on BanksLisa Lindsley - American Federation of State, County and Municipal Employees (AFSCME)
PIRC Annual Corporate Governance Conference 2013
US Perspective on Banks26 March 20132
26 March 2013 US Perspective on Banks3
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Concrete ideas to increase staff morale, buy in and knowledge/skills
Communication Staff hear from the officers All staff meeting once a year.Communicate with staff directly and often.Communicate with staff to give them opportunities to
participate.Help staff understand how generous our benefit plan is
compared to others.
26 March 2013 US Perspective on Banks 5
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I am concerned that the size of some of these institutions becomes so large that
it does become difficult for us to prosecute them when we are hit with
indications that if we do prosecute — if we do bring a criminal charge — it will have a negative impact on the national
economy, perhaps even the world economy.
US Attorney General Eric Holder, 6 March 2013
US Perspective on Banks26 March 20137
26 March 20138
Not a “Tempest in a Teapot”
"If you don't want a free society, then start dictating what compensation can be.”"I don't think you need this amount of detail, you can still do your supervision without it."
26 March 2013 US Perspective on Banks 9
Follow the Money !Banks are Big Spenders
26 March 2013 US Perspective on Banks10
Institution 2012 LobbyingUS$
2011-12 Campaign Contributions US$
JP Morgan Chase 8,060,000 4,204,293
Goldman Sachs 3,540,000 7,887,924
Morgan Stanley 3,350,000 3,724,163
Bank of America 2,750,000 2,747,671
Wells Fargo 8,790,000 2,639,644
Citigroup 5,260,000 2,380,012
Center for Responsive Politics www.opensecrets.org
