Defective Enterprises

This category contains 26 posts

Defining a Daring New Standard for Fair Pay

The new Toronto-based Wagemark campaign is aiming to change the global conversation on CEOs, workers, and the real value of their labor.

Racketeering Then and Racketeering Now

Back in Al Capone’s day, Prohibition helped give rise to a rash of epic crime-boss fortunes. In our day, deregulation has spawned on Wall Street an entire new generation of fabulously rich racketeers.

They Can’t Stop Beethoven, Can They?

For the grasping managers of Corporate America — and the institutions their wealth dominates — no workers deserve dignity, not even the most amazingly accomplished.

How Many Rotting Apples Do Our Hedges Hide?

High-profile prosecutions of hedge fund execs only hint at the crime and ethical misbehavior rampant in America’s most rewarding high-finance suites.

Some Bailouts Taxpayers Seldom Ever Notice

All across Corporate America, top execs are feathering their own nests at the expense of their employees. The French have a better idea.

Once Upon a Time, Corporations Paid Taxes

The current European revolt against CEO greed, if successful, might leave Corporate Euro looking just like Corporate America — in the 1950s.

From Inequality, We Can’t Take a Vacation

What more vivid symbol of the indignity our corporate-driven inequality imposes than the Carnival Triumph cruise ship. Thousands of people adrift, going nowhere in a nightmare of sewage and stench, while a billionaire CEO sits cheering far away in a courtside seat.

A Bold New Labor Call for a ‘Maximum Wage’

The national leader of one of America’s feistiest unions is proposing a cap on incomes at the top that rises only if incomes at the bottom rise first.

The Most Surprising ‘Nay on Pay’ Yet

A perfectly respectable business panel is urging corporate boards to ditch the ridiculous rationalizations for CEO pay excess and narrow the gargantuan corporate pay gap. Step one: end CEO stock options.

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.

ZEITGEIST NOLA