CEOs Celebrate Even Bigger Wins in Class Warfare via Cutting Employment
CEOs are not just looting their companies but now the broader economy with the intensity of their headcount cutting.
Read more...Category Archives: Corporate governance
Good Riddance: CalPERS’ Atrocious General Counsel Matt Jacobs to Retire
A partial catalogue of the horrowshow of Matt Jacob’s tenure as CalPERS general counsel.
Read more...Message to Trump: Incompetence Is Not Virtue. Also, People Will Die
The main and possibly only qualification for Trump’s top appointees is the ability to tell blatant lies with a straight face.
Read more...They Looted Companies — Now They’re Looting the Government
Poor and self-serving corporate oversight practices are going bigger and badder as they are taken to government.
Read more...New Suit Seeks Clawback of >$4 Billion of Fines and Insider Trading Profits from TD Bank Executives Earned While Running Decade+ Massive Money Laundering Schemes
TD Bank engaged in over a decade of criminal misconduct. A new suit seeks to make its board and executives pay.
Read more...Meditation and Mindfulness at Work Are Welcome, but Do They Help Avoid Accountability for Toxic Culture?
An update on corporate efforts to deploy seemingly beneficial practices like meditation for their benefit.
Read more...How Shareholder Activism Became Toxic—and How to Fix It
How shareholder activism, which once helped check self-serving managements, has become the province of hedge fund extortionists.
Read more...Warren Bill Would Stop Companies From Placing Shareholder Paydays Over Worker Rights
Warren revives a bill intended to put shareholder obligations in their proper place: at the bottom.
Read more...Police State Implications of “The Adjuster’s” Assassination of UnitedHealth’s CEO [with UPDATE]
How the organs of state security might react to the assassination of Unitedhealth’s CEO.
Read more...A New Age of Presidential Unilaterism?
A historical look at Presidential power grabs, um, authority expansion, with an eye to what that means under Trump 2.0.
Read more...Greenwashing Case Against Santos Could Set Global Precedent
Investor, attorney general, and activist lawsuits seek to curb cynical do-nothing and delaying climate action tactics like greenwashing.
Read more...Wolf Richter: Boeing Launches $22 Billion Share Offering to Get Breathing Room, Dodge Junk Credit Rating, after Having Wasted $64 Billion on Share Buybacks
With the equity raise as outlined today, the company will have some limited financial breathing room, and will likely avert a near-term down grade to junk, so one day at a time.
Read more...Another Nobel for Anglocentric Neoliberal Institutional Economics
New institutional economics won another “Nobel prize”, claiming that good institutions and governance ensure growth, equity & democracy.
Read more...Big and Small Businesses Are Nothing Like Each Other
An important yet oft-ignored point: big and small businesses are wildly different, and that matters from a policy perspective.
Read more...How Corporate Vehicles Conceal Crime and Chicanery
Financial vehicles designed to conceal wealth and questionable activity fuel corruption and crime while allowing perps evade accountability
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