Global Power Project- Part 7: Banking on Influence with Citigroup

Citigroup- A Bank with a sordid history of predatory profiteering & criminal activity In the second quarter of 2013, the third-largest U.S. bank by assets, Citigroup, posted a 42% increase in profits which CEO Michael Corbat praised as a “well balanced” result of “cost cutting” programs, including the firing of 11,000 workers. This big bank has […]

Global Power Project, Part 2: Identifying the Institutions of Control

In an article for the journal International Sociology, William K. Carroll and Jean Philippe Sapinski examined the relationship between the corporate elite and the emergence of a “transnational policy-planning network,” beginning with its formation in the decades following World War II and speeding up in the 1970s with the creation of “global policy groups” and think tanks […]