This site under reconstruction.
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…
As if I need more bad news to pile upon the delta variant and climate change, here comes an article outlining the power of private equity firms over the IRS. This article originated from the New York Times but the article may be behind a paywall, so I found a link leading to another news…
This video surprised me: I had no idea that financial types had progressed further than just using VLOOKUPs and Pivot Tables. I thought Pivot Tables would be part of the landscape for those in finance but Power Query, Power BI, simple and advanced VBA? Match and Index? Wow. There is also “removing duplicates” which I…