(L-R) Wells Fargo CEO Charles Scharf, Bank of America CEO Brian Thomas Moynihan, JPMorgan Chase & Co CEO Jamie Dimon, Citigroup CEO Jane Fraser, Truist Financial Corporation CEO William Rogers, and U.S. Bancorp CEO Andy Cecere testify during a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill in Washington, D.C., on September 22, 2022.Drew Angerer / Getty Images In 1956, the famed sociologist C. Wright Mills published The Power Elite, a blistering critique of concentrated political, economic and military power in the United States.
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