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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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Paul Tepfenhart
Senior Director, Private Brands, Walmart

Anjani Jain
Anjani Jain
Senior Associate Dean for the MBA Program & Professor in the Practice of Management

Ismail Odeh
Vice President, Group Compliance, Global Investment House

Lori Lucas
Executive Vice President and Defined Contribution Practice Leader, Callan Associates

Byron Brown
Mayor of Buffalo, New York

Deborah S. Davis
Professor of Sociology, Yale University


Brande Stellings YC '89
Vice President, Advisory Services, Professional Services Practice at Catalyst

Kevin D. Gray
Lecturer in the Practice of Real Estate

Jim Matheson
CEO, Oasys Water