Defective Enterprises

This category contains 33 posts

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.

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.