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.
““You’re not victims; you’re the richest people in the world,” Novogratz said Friday in an interview with Bloomberg. “How in God’s name do you feel like a victim?”” HuffPost, “Billionaire Tells Wealthy to ‘Lighten Up’ About Elizabeth Warren: ‘You’re Not Victims’ “, Mary Papenfuss, October 19, 2019 A lot of billionaires really don’t like Elizabeth…
Hmmm, I don’t deny that reading about the failure of Silicon Valley Bank hasn’t got me concerned. Reading that this is the second largest bank failure in US history is not a joy to read, with 2008 Lehman Brothers failure still rattling around my brain. The memory isn’t fresh, but it is exactly dim either….
Wow…wow, wow, wow! So, I read two articles that addressed this topic of “woke capitalism” and it seems like that this will be the next “war”. I do wonder if this “war” was precipitated by what is going on in Florida with Disney and “Don’t Say Gay”. I’m not really familiar with the intimate details…
Last week, a well-known writer wrote an article where he basically said, “businesses are in the business of maximizing shareholder value and just that.” Oh, really? What about customers? Businesses are not in the business of producing products or services that customers will buy? What about your communities and the surrounding environment? Maybe you don’t believe…
This gets old – the company that is in or was just in bankruptcy keeps changing its books. Every month my boss does variance analysis against the budget that was created earlier in the year (and not forwarded to the sites that have to manage their money, go figure). I gather the data for her since…
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…
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