The recipe could not be simpler. Mix cynicism with greed, quickly stir and voila! American politics and government served up on a platter to the highest bidder
Shareholder-value ideology provides a cover for destructive behavior that tends to heighten inequality in our society.
America's Economic Dilemma: All Big Business Present But Not All Accounted For. Part One: The Problem.
For a large part of the 20th century, the fate and fortune of America's big business and its "average citizens" were intertwined. In the 21st century, however, they are almost completely disconnected.
When a company has great ideas, classic economic theory holds that profits are plowed back into the company to generate even
Lawmakers have failed to keep the wage apace with inflation so that its value is now less than it was five decades ago.
First-quarter economic growth wasn't as bad as expected, yet corporate profits were much better than expected. So what are corporations doing with their profits rather than investing in future growth?
Those executives who claim that their rewards are conferred by the logic of the market are either lacking in economic understanding or are being disingenuous. There is no honest market for corporate leadership.
Five years ago, when excessive corporate executive compensation first emerged as a controversial political issue, the Dodd-Frank legislation required corporations to permit shareholders to vote on front office pay.
The buzz about Etsy's IPO runs something like this... the company that connects artisans and home-based craft makers to a new kind of consumer hungry for unique products -- has met its nemesis: the public equity markets.
We share Rush Limbaugh's fantasy that one day Dan Price's decision to drastically cut his own pay will be written up as a case study for MBA students. The difference is that we hope that it will be taught as an example of visionary leadership in the face of seemingly impossible odds.