Tell the Banks to Stop Giving Payouts to Executives Who Leave for the Government
The Boards of Citigroup, Lazard, Goldman Sachs, Morgan Stanley and J.P. Morgan
For far too long, Wall Street banks have had far too much say in the regulation of the financial industry. One big reason: when bankers accept powerful jobs in the federal government, their companies routinely reward them with huge stock packages known as “golden parachutes.” These payouts promote a never-ending revolving door between Wall Street and Washington. They guarantee that when key economic policy decisions are being made, the big banks will always have someone at the table who owes them a favor.
Sign our petition to tell the big banks: No more golden parachutes for executives going into government.
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To:
The Boards of Citigroup, Lazard, Goldman Sachs, Morgan Stanley and J.P. Morgan
From:
[Your Name]
Working people should feel confident that government regulators are working on behalf of the public interest and our common good. The American people cannot trust that the system is not being rigged against them as long as Wall Street provides financial incentives for its top executives to go into government posts. Please end the practice of giving government service golden parachutes to outgoing executives.