There are basically only five ways to accumulate a billion dollars, and none of them has to do with being successful in free market capitalism.
CEOs
Posted inMoney, Politics, and Power
Big CEOs Persuade the SEC to Tame Shareholder Activism
The Business Roundtable’s vow to be kinder corporate actors was a fig leaf for building fortresses around management decision making.
Posted inTAP
Want to Reduce Inequality? Reduce It in Corporate Paychecks!
Today on TAP: Tax excessive CEO salaries
Posted inEconomic Policy
How to Really End Shareholder Capitalism
It’s now increasingly clear that maximizing shareholder value has led to minimizing everything else a corporation could and should do.
Posted inTAP
Where Are the Virtuous CEOs?
Five years ago, a regional supermarket chain called Market Basket acted out a drama that was one part Shakespeare and one part Marx. The family-owned company, famed for low prices, well-compensated employees, and fiercely loyal customers, was consumed by a vicious split. The grandfather, an immigrant from Greece named Athanasios (Arthur) Demoulas, founded his first […]
Posted inEconomic Policy
The 5-Step CEO Pay Scam
And how to reverse widening inequalities of income and wealth in America
Posted inEconomic Policy
The Business Roundtable’s Strange Outbreak of Social Conscience
Needed: less public relations blather and more pitchforks
Posted inEconomic Policy
Don’t Just Prosecute Law-Breaking Executives. Prosecute Companies Too.
Deferred prosecution agreements in two cases against companies that peddled opioids highlight the need for both personal and corporate accountability.
Posted inEconomic Policy
The Shameful Silence of the CEOs
The corporate statesmen of the mid-20th century have been replaced by sycophantic Dimons of the 21st—at a time when we need statesmen more than ever.