Crony Corporatism

Would love to know what Spencerblog team member Undercover Corporate Titan thinks of this:

Citigroup Inc Chief Executive Officer Vikram Pandit has written President Barack Obama endorsing “strong regulatory reform” for U.S. banks. What’s more, Pandit wrote, “You can count on me and the entire Citi organization to support” Obama’s reform efforts...

But what's particuarly creepy about the letter is the phrase, “and the entire Citi organization.” This is authentic corporatism: A CEO seeking political favor commits his “entire organization” to work for a particular policy outcome. And if individual Citi employees disagree? No stifling of freedom of speech or freedom of political activity there, I’m sure....