This site under reconstruction.
Right now, I’m reading Imagine It Forward by Beth Comstock, little by little, along with two other books. About two posts ago, I did a short post about what I learned from her regarding her short time with Jack Welch. While she never out rightly said he did things that might not have been good…
I’m reading a really, really, really interesting book, Imagine It Forward, by Beth Comstock where the author narrates her career in PR and as a change maker. I’ve just started so I’m only at the early part of her career where she is at GE during Jack Welch’s tenure. Now growing up, Jack Welch was…
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…
Whoa! To think that CEOs now think that the purpose of business should extend beyond the shareholder value that we’ve been living under for the last forty years is unbelievable. I can’t believe I’m actually reading this. What prompted them to think that shareholder value can’t be the sole reason for being? Why now? Is…
“You can no longer assume the people investing in your debt instruments are going to be aligned to your interests,” “What Hedge Funds Consider a Win is a Disaster for Everyone Else”, New York Times, William D. Cohan, March 12, 2019 Is there any way in which we can return the favor to the hedge…
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.