Why the “Maximize Shareholder Value” Theory Is Bogus
Why the bogus shareholder value theory of corporate governance needs to die.
Read more...Category Archives: CEO compensation
re: F@ck Work?
Why the Job Guarantee versus Universal Basic Income is not about work, but about governance.
Read more...Bill Black: A Letter to Warren Buffett and Charlie Munger about Hiring Proven Whistleblowers
Whistleblowers have all the ideal characteristics to create “a board culture that drives effectiveness and company performance.” Why not make them directors?
Read more...How Do Americans Get Rich? (And Stay Rich?)
A deep dive into the sources of rich Americans’ wealth.
Read more...Trump Selects Jay Clayton, S & C Partner, to Head SEC
Trump’s choice to head the SEC, prominent corporate lawyer Jay Clayton, is much more of a mainstream pick than many of his other appointments so far.
Read more...Capitalism in the Time of Trump?
Neoliberal capitalism has led to underinvestment, lowering productivity and increasing inequality. Will Trump make things better or worse?
Read more...How Wells Fargo Exemplifies the Drivers of Big Corporate Fraud
The Wells Fargo fake account scandal illustrates why corporate executives conveniently ignore or even engage in fraud.
Read more...Are Our Earnings Really Our ‘Just Deserts’?
Why the idea that wages represent “just deserts,” as in the individual’s contribution to social output, is bunk.
Read more...When Bank Boards Get Too Cozy, Expect Misconduct
Why regulators and investors need better measures of the connections between bank executives and their boards.
Read more...Stumpf is Still Faking It – Claims 75% Couldn’t Resist Wells Fargo Credit Cards
In a not-exactly-shocking development of the ongoing Wells Fargo account faking scandal (see our previous coverage here, here and here if you’re late to the party and need a quick catch-up) CEO John Stumpf, fighting a rear-guard action, is making outlandish claims about how, having begun the process of contacting customers who it has cause to […]
Read more...Michael Hudson: Celebrating the One Percent – Is Inequality Really Good for the Economy?
The backlash has begun. Prominent economists are upping their game in trying to depict the gains of the One Percent as virtuous and beneficial.
Read more...How the SEC Enabled the Gross Under-Reporing of CEO Pay
Why CEOs are even more grotesquely paid than you thought.
Read more...The (Bill) Clinton Team’s Secret Meeting on CEO Compensation
CEO compensation as social engineering and class warfare, as revealed by Robert Reich.
Read more...Michael Hudson: Clinton’s Red-Baiting Distracts from Failure to Address Inequality, War-Mongering as Trump Flails
Clinton’s attacks on Trump distract attention from her 1% serving economic policies and her war-mongering, but Trump isn’t responding effectively.
Read more...How CEOs Get Paid for Luck
Lackluster growth is everywhere….except in CEOs’ pay packets. Wonder why?
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