Brutal Takedown of Jamie Dimon

I just read recently that eBay and American Express are planning some layoffs, even after some healthy profits. So now, it’s no longer about laying off people to get back into profits; it’s about laying off people so that executives can direct more money into theirs and shareholder’s pockets. To quote from the article: “Yahoo…

Okay, I’m having fun at Leon Cooperman’s expense, but this was an image that came to mind when I read about his “whining” on cable news: “After Cooperman, the billionaire founder of Omega Advisors, complained on CNBC that people “who don’t have any idea what they’re doing” were “sitting at home, getting their checks from…

“They’ve taken money away from these hospitals that provide needed care and they’re using that money to line their own pockets.” Massachusetts Gov. Maura Healey told CBS News. “I’m disgusted. It’s selfish. It’s greed.” Michael Kaplan, Jon LaPook, Sheena Samu, “A new mom died after giving birth at a Boston hospital. Was corporate greed to…

As if I need more bad news to pile upon the delta variant and climate change, here comes an article outlining the power of private equity firms over the IRS. This article originated from the New York Times but the article may be behind a paywall, so I found a link leading to another news…

I’m revisiting a topic I wrote on earlier in the week: the news that the Business Roundtable is redefining businesses’ purpose as being larger than just shareholders. Their purpose should encompass all stakeholders, not just shareholders: the customers, employees, the community. There have been quite a few responses to this news and most people seem…

It’s been a while since CEO of Gravity Payments raised everybody’s wages to the minimum of $70K – what he thought was a living wage for his area. And the company is still around and succeeding, despite all of the naysaying. There’s been a lot of news lately about the labor employment/unemployment rate from the…