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How Wells Fargo's CEO Could Have Avoided His Senate Belly Flop


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The Census Bureau reported that median household income jumped 5.2% in 2015, and 3.5 million people rose out of poverty. The Washington Post called it “a spike that broke a years-long streak of disappointment for American workers.”

Bloomberg columnist Barry Ritholtz said that the numbers showed that the recovery from the Great Recession is finally taking hold. “Unlike in recent years, when much of the gains went to an increasingly narrow group at the top of the economic strata, last year’s improvements were broad and deep.”

The New York Times noted the “eye-popping improvement in economic fortunes” but put it in context: “real incomes of most American households still are smaller than in the late 1990s. And large swaths of the country—rural America, industrial centers in the Rust Belt and Appalachia—are lagging behind.” A few days later, though, the Times said that a reported finding that incomes had actually fallen in rural areas was wrong, a result of a definitional change; incomes rose 3.4% in rural areas in 2015.

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Contributors


President and Co-Founder, Meehan Combs
Eli Combs
President and Co-Founder, Meehan Combs


Richard Hackman
Edgar Pierce Professor of Social and Organizational Psychology, Harvard University



Cathy Ashton
Former High Representative of the Union for Foreign Affairs and Security Policy, European Union; Former First Vice President of the European Commission


Steve LaVoie

Kyriacos Sabatakakis
Managing Director, South Eastern Europe, Accenture

Ellen Shuman
Founder and Managing Partner, Edgehill Endowment Partners