Richard Murphy: Stock Markets Look Ever More Like Ponzi Schemes
Why is it entirely sensible to regard stock markets as Ponzi schemes.
Read more...Category Archives: CEO compensation
CalPERS CEO Marcie Frost’s Featherbedding: Seeks Further Pay Increase Despite Underfunding, Municipalities Suffering to Meet Rising Pension Bills
Why authorizing a further pay increase for CalPERS CEO Marcie Frost is indefensible, but CalPERS cronyistic board will almost certainly set that plan in motion next week.
Read more...Corporatizatizing The All-Administrative University
How parasitic administrators are ruining university education.
Read more...Indirect Effects of Unfair Employer Behavior on Workplace Performance
Bad bosses hurt performance! Who’d have thunk it?
Read more...Trump Administration Picks Bizarre Fight With IMF Over Report Backing Taxing the Rich
The IMF makes a careful case for more redistribution.
Read more...How Economists Turned Corporations into Predators
How shareholder value theory and other bad ideas created lousy incentives for corporations’ executives.
Read more...The Global Corporate Saving Glut
The corporate savings glut has been long in the making. It’s a sign of capitalists abandoning their role of investing to pursue growth.
Read more...Race to the Bottom: Cities and States Spend >$45 Billion Per Year Competing for Jobs
The Wall Street Journal published an important story on how states and communities throw money at companies via tax incentives and other gimmies in a desperate effort to win or hold jobs. These subsidies are a big drain on government budgets: Economic-development tax incentives more than tripled over the past 25 years, offsetting about 30% […]
Read more...Bill Black: The 2016 Nobel Prizes in Economics Go to Defenders of Criminogenic Policies
Yet another dubious Swedish central bank fake Nobel Prize award…
Read more...Why Extreme Inequality Causes Economic Collapse
A look at how rising inequality becomes systemically destructive.
Read more...Wearing White: What Resistance Looks Like in America’s Heartland
A labor struggle in South Bend as a window into unions’ ongoing resistance to corporate greed.
Read more...Grantham: ‘Twas Capitalism That Killed Capitalism
How capitalism became disconnected from social good, leading to hope for a “strong leader” will take on the rich and powerful.
Read more...Are 401(k)s Contributing to the Growth of the Outsourcing of Jobs?
Yet another reason to regard 401(k)s as a failure….
Read more...“The End of Employees”
Why business expect to have even fewer employees.
Read more...Why the “Maximize Shareholder Value” Theory Is Bogus
Why the bogus shareholder value theory of corporate governance needs to die.
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