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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 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


Jeremy Eden
Cofounder and Co-CEO, Harvest Earnings

Lei Zhang
Chairman and Chief Executive Officer, Hillhouse Capital Management

Charles Hill
Distinguished Fellow in International Security Studies, Jackson Institute for Global Affairs, Yale University

Roberta Romano
Roberta Romano
Sterling Professor of Law and Director, Yale Law School Center for the Study of Corporate Law

Sass Darwish
Managing Partner, DS Advisory Group

Stuart Patterson
President and COO, RAMP

Tim Brown
CEO and President, IDEO

Denis Ring
CEO, Bode International; Founder, Ocho Candy Company


Amy Brady, Chief Information Officer, Key Bank
Amy Brady
Chief Information Officer, Key Bank