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


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What Counts as Good News?

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


Professor Robert Shiller
Robert J. Shiller
Sterling Professor of Economics, Yale University

Ajay Banga
CEO, MasterCard

William Hutton

Professor Victor Vroom
Victor H. Vroom
BearingPoint Professor Emeritus of Management & Professor of Psychology

Richard Skolnik
Lecturer in Public Health, Yale School of Public Health

Paul Tepfenhart
Senior Director, Private Brands, Walmart


Anne Simpson
Executive Director, International Corporate Governance Network; Faculty Fellow and Lecturer, Millstein Center for Corporate Governance and Performance, Yale School of Management

Tim Brown
CEO and President, IDEO

E. V. "Rick" Goings
Chairman and CEO, Tupperware Corporation