The 55% have spoken

A sea change is in the air. Yesterday, the shareholders of Citigroup voted against the proposed compensation packages of its top 5 execs.  While the vote is not binding, the 55% who were opposed sent a clear signal about outrageous outsized pay to these corporate cats.  The tents of Occupy Wall Street have been taken down, but the sentiment has rooted, and not just within a fringe-y radical element.  One of the nay voters represented a Philadelphia money management firm that lays claim to 5 million shares of Citigroup.  I'm pretty sure their rep was not camped out in Zuccotti Park. I can't help but wonder if there was some organzing around this vote.

It's about equity; it's about fairness (The Buffett Rule); it's about stakeholder (and shareholders) exercising their voice.  The pendulum is swinging - it's a long, and not altogether smooth arc.  And this is not a 4-year term, but rather a generational shift, and thus more like 20 years.  I'm recommending a veggie share in your local CSA (community-supported agriculture).  It's a different kind of dividend.