This site under reconstruction.
Wow! This is something to see.
But Jamie Dimon knows the answer to her question; it’s just he can’t say it. If he did, the shareholders would crucify him, and therein lies our problem: the primacy of the shareholders over everything else. And the top 10% owns about 93% of the stocks.
This is fascinating…even CEOs such as Aetna’s chief are realizing that the current brand of capitalism is damaging. “But Mark Bertolini, the CEO of Aetna, recently offered another, starker rationale for creating more well-paid jobs: The survival of capitalism depends on it. “If we don’t reinvent the capitalist model,” Bertolini told the Committee for Economic…
First we had Elizabeth Warren introducing the Accountable Capitalism Act and now Chuck Schumer is introducing a new bill to add a new KPI to track who benefits from the GDP, especially when it is increasing in a positive manner. When the GDP goes up, who really is benefiting from it? For at least a…
I’ve always thought shareholders were a huge part of the problem for our current type of capitalism: while productivity has increased (according to some news I’ve read), labor’s wages have remained flat while all productive gains accrue to the shareholders. This site gives an example of what I have read quite a few times: Economic…
“No, they hand key that in”…. “No, that is manually input.” “No, that’s also keyed in.” I was going over the result of the testing with my boss and as I went through each section, she kept asking how the field folks pull in the data. Each time I had to say that it was…
This topic falls in the realm of finance in a very obtuse way: it falls in the realm of making money. Since I’m always interested in how people make money or how businesses get and stay profitable, this topic hits my radar. A week or so ago, there was a flurry of articles concerning how…
Back around 2019, the Business Roundtable changed their statement about their idea of what the purpose of business was from profit seeking and shareholder capitalism to stakeholder capitalism (profit seeking was probably still part of the agenda). I think the Business Roundtable is a lobbying group and Jamie Dimon was (or still is) a part…
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