Score one for the little guys, where the little guys are shareholders of Citigroup and the Goliath in need of a slingshot of reality is its CEO seeking a $15 million raise. Sure, he only made $1 the year before, but this is big news as it’s the first times shareholders have rejected the executive pay package at a major bank since the Dodd-Frank act made votes mandatory a year ago.
power to the people
After three robbers strolled up to a Boston burrito spot called Boloco and were caught on camera while stealing the store’s safe, the local restaurant is going to the mattresses and calling on its social media community to solve the crime.
After Forever 21 got all huffy over her satire blog, WTForever21, Rachel Kane told readers she’d be shutting her site down. But she’s had a change of heart, and has announced that she’ll soldier on in the face of a copyright infringement suit.
Ohio’s legislature passed the Product Liability Act in 2006, which capped certain court damages at $5,000 and created special protections for companies that once sold paint containing lead. Gov. Ted Strickland vetoed it, but the Ohio Supreme Court overturned the veteo last month on a technicality. Today, a group of consumer advocates in Ohio turned in 1,800 signatures in an attempt to bring the issue to a public vote in November ’08. [Business Week]