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This week, green business guru Joel Makower encourages us to envision success in creating a clean, sustainable economy that averts climate catastrophe and improves our environment, communities, and lives. And shareholder activist John Harrington urges banks bailed out with Troubled Asset Relief Program funding to make sure they stabilize US economic security.
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Late last year, Harrington Investments President John Harrington filed shareholder resolutions at banks that received billions of taxpayer dollars under the Trouble Asset Relief Program. Congress bailed out the banks because they are essential to the stability of our economy, so the resolutions ask for board committees to oversee US Economic Security. Ironically, Citigroup and Bank of America have petitioned the SEC for permission to ignore the resolutions.Read the show transcript
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Investor John C. Harrington, author of The Challenge to Power: Money, Investing and Democracy, speaks about the potential and limitations of socially responsible investment strategies, the foibles of the Securities and Exchange Commission, and the need for big picture strategies. Harrington is the founder of Harrington Investments and a cofounder of Working Assets and Progressive Asset Management.
This program also includes excerpts from interview with Robert Monks and recent protests over forest devastation by Victoria’s Secret. Jay Mankita sings his new song, The Barons of Walmart.
The Challenge to Power: Money, Investing and Democracy (2005, Chelsea Green Press).