This site under reconstruction.
There’s been a lot in the news about GM closing some plants and laying off about 14,000 workers. This is after receiving about $150 million in tax cuts (out of the $1.5 billion in total) and just finishing up a profitable 3rd quarter of about $2.5 billion. And I’m sure GM has received some tax…
“Much as Sears has declined in the intervening decades, so has the willingness of corporate America to share the rewards of success. Shareholders now come first and employees have been pushed to the back of the line.” “This shift is broader than a single company’s culture, reflecting deep changes in how business is now conducted…
Well, it looks like the chief executives of Wall Street firms are making better choices by withdrawing from the Saudi’s “Davos in the Desert” conference. Instead of bowing to the altar of money, they seem to be listening to the higher values of human rights and concern for mankind. The news and evidences coming out…
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…
Well, it’s been 10 years since the economy swooned and nearly fell off the cliff. Recently, there has been a few news articles about that scary time and more importantly, some introspection about whether we have learned anything since that time. Some articles have noted that many financiers have come away from the Great Recession…
“As much as Warren’s proposal is about ending inequality, it’s also about saving capitalism.” “Elizabeth Warren Has a Plan to Save Capitalism”, Vox, Matthew Yglesias, April 15,2018 Well, well, well, well. Someone is going to try to broaden corporate America’s mandate from serving just shareholders to considering the good of the larger society. Elizabeth Warren…