Defective Enterprises
Remembering the Moment Our CEOs Dug In
Forty years ago, U.S. corporate honchos saw their power ebbing away — to a ragtag mob of long-hairs and loony social reformers. So they did what corporate honchos always do. They asked for a memo.
A Tip for Joe the Machinist: Better Watch Your Back
Corporate America, advises one of the nation’s most prestigious management consulting companies, needs to wake up and stop rewarding employee loyalty and performance. With one exception.
Our ‘Double Bubble’ of Economic Trouble
‘Asset bubbles’ have been roiling our economy ever since America’s wealthy started supersizing three decades ago. But another bubble, this one enveloping those wealthy, may be just as essential to understand.
Peddling Poison for Fun and Profit
Wall Streeters made fortunes, the new official report on America’s 2008 economic meltdown charges, defrauding the American public. They’re still making fortunes — and this official report is already sinking out of sight.
Recovery? Why Our CEOs Don’t Give a Hoot
Over recent decades, recoveries from U.S. recessions have become steadily weaker and weaker. Over these same decades, executive pay has been steadily soaring. Could these two trends be somehow related?
They Get Rich, We Get Ho-Hum Gadgets
Our economy would become the world’s most innovative, our elites have assured us over the past 30 years, if we gave our rich enough incentives to innovate. We kept to our end of the bargain. So where’s the innovation?
Wall Street’s ‘M&A Follies’: Why the Curtain Never Falls
AOL and Time Warner split, Comcast and NBC join. The merger merry-go-round continues to spin. Investment bankers and corporate execs get to grab the brass ring. The rest of us get pink slips and higher prices. By Sam Pizzigati What may be the dumbest corporate merger of all time — the $165 billion deal that [...]
A-Rod and Inequality: A Lesson Worth Learning
Huge rewards for ‘talented’ people are supposed to leave all our lives much better than before. But they don’t — not in sports or any of the rest of life either.
Have You ‘Hurd’? Greed Still Living Large
We all know about the greed and grasping at Wall Street’s failed giants. But the greed at ‘successful’ companies elsewhere in America is getting a free pass.
Fannie, Freddie, and Failure
How sky-high rewards for CEOs turn respectable enterprises into muggers of the American dream.
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