distribute, as it happens many shareholders are mom and pop investors, people who own mutual funds, ir as. in fact, the public pension funds in the groups, the lobbying group i represented, came out against jamie dimon letter, saying wait a second here, you re supposed to be serving us, the shareholders, not the stakeholders. paul: well, the brt, their response is you guys are wrong, we have put ourselves in the stronger political position because by not falling for the by pointing out the truism that corporate profits help employees, help suppliers, help the communities in which they operate, we ve now put ourselves in a stronger ground. do you buy that? from elizabeth warren s perspective, they ve already conceded the principle. now she wants to haggle the price man. that s what s going on here. paul: the principle being what should corporations should
distribute, as it happens many shareholders are mom and pop investors, people who own mutual funds, ir as. in fact, the public pension funds in the groups, the lobbying group i represented, came out against jamie dimon letter, saying wait a second here, you re supposed to be serving us, the shareholders, not the stakeholders. paul: well, the brt, their response is you guys are wrong, we have put ourselves in the stronger political position because by not falling for the by pointing out the truism that corporate profits help employees, help suppliers, help the communities in which they operate, we ve now put ourselves in a stronger ground. do you buy that? from elizabeth warren s perspective, they ve already conceded the principle. now she wants to haggle the price man. that s what s going on here. paul: the principle being what
accountable pension reform bill. no longer would it be the case that profligate liberals in new jersey would be stealing from the future to pay off the big public sector unions now. that was the thing that made chris christie a darling in the eyes of national republicans. made the wall street donor class swoon. that was his defining thing. but that was then. here s the news now. you ll never guess what s happening new jersey. mr. fiscal probity is overseeing more than $800 million budget shortfall. that s $800 million, as in close to $1 billion with no way to pay for it. the state constitution requires a balanced budget, and so, guess where christie s hand is creeping towards? good old wallet that s been sitting there on the dresser since time memorial, the public pension funds. christie halts $900 million due for pensions. i have been talking since january about the fact that we need to be more aggressive in this regard. and despite the steps that we took in 2011, the traelt for new
jersey would be stealing from the future to pay off the big public sector unions now. that was the thing that made chris christie a darling in the eyes of national republicans. made the wall street donor class swoon. that was his defining thing. but that was then. here s the news now. you ll never guess what s happening new jersey. mr. fiscal probity is overseeing more than $800 million budget shortfall. that s $800 million, as in close to $1 billion with no way to pay for it. the state constitution requires a balanced budget, and so, guess where christie s hand is creeping towards? good old wallet that s been sitting there on the dresser since time memorial, the public pension funds. christie halts $900 million due for pensions. i have been talking since january about the fact that we need to be more aggressive in this regard. and despite the steps that we took in 2011, the reality for new jersey is that what we ve done so far is not come close to
christie reaches out across the aisle and gets bipartisan compromise to pass a tough, accountable pension reform bill. no longer would it be the case that profligate liberals in new jersey would be stealing from the future to pay off the big public sector unions now. that was the thing that made chris christie a darling in the eyes of national republicans. made the wall street donor class swoon. that was his defining thing. but that was then. here s the news now. you ll never guess what s happening new jersey. mr. fiscal probity is overseeing more than $800 million budget shortfall. that s $800 million, as in close to $1 billion with no way to pay for it. the state constitution requires a balanced budget, and so, guess where christie s hand is creeping towards? good old wallet that s been sitting there on the dresser since time memorial, the public pension funds. christie halts $900 million due for pensions. i have been talking since january about the fact that we need to be more agg