This site under reconstruction.
The “military operation” is still going on and it is dreadful to watch with its indiscriminate killing of civilians. I do try to not doom scroll, but the news is there and I do get tired and anxious. It takes a lot of energy to try to get stuff done – and I do have…
Mazars’ announcement, last week or the week before, that the last ten years of the financial reporting for Trump should not be relied upon and that they were bowing out as his accounting firm was a bombshell. That bombshell reminded me of other financial news in the past, serving me as a warning as to…
Every once in a while, I will read about some company pushing back against the standard trope that a business’ purpose is to maximize profit, or more commonly, make money for the shareholders. The two companies that come top of mind are Patagonia and Chobani. This article covers Chobani. Chobani, in this instance, has created…
I would like for finance people to think beyond the typical “profit is king” that we’ve had for the last 40 years. Yes, you need to be profitable in order to have a business surviving long term but if you just look at profits and ignore things such as environmental or social impact, then the…
“The American economy runs on poverty, or at least the constant threat of it. Americans like their goods cheap and their services plentiful and the two of them, together, require a sprawling labor force willing to work tough jobs at crummy wages. On the right, the barest glimmer of worker power is treated as a…
I know Milton Friedman mainly for his idea that the purpose of business is to maximize profits over anything else and ignore the “good for the community” stuff. Companies should stay away from considering the welfare of all stakeholders other than the shareholder. Profit maximization at all costs – rah rah rah. I’ve yet to…