Obama's tougher approach to corporate America may reshape his presidency

Obama's tougher approach to corporate America may reshape his presidency


From expanding overtime rules for employers to imposing stricter corporate tax regulations and fiduciary responsibilities on stockbrokers, Obama is using his executive power to demand greater accountability and contributions from American firms. Whether the policies are being pushed by Sanders' anti-business campaign rhetoric, as some believe, or represent the culmination of years of getting nowhere with recalcitrant congressional Republicans, Obama's harder line on corporate interests has been met with howls from business chiefs and may mark a kind of makeover of the president's legacy.



from Biotech News