Capitalism – Not China – Is to Blame for the Current Global Economic Decline
Capitalism’s “recovery” now proceeds like another speeding train headed toward contradiction and catastrophe.
Read more...Category Archives: Corporate governance
Former California Official Blasts CalPERS CEO Anne Stausboll for “Betrayal of Trust”
A former state official shreds the process CalPERS used to hire scandal-ridden Florida attorney Robert Klausner as fiduciary counsel.
Read more...Even Bank Supporters Arguing for Restoration of Glass Steagall
John Dizard, who perhaps by virtue of being one of the Financial Times’ most original and insightful columnists, is relegated to its weekend “Wealth” section, has written a particularly important pair of articles. Note that Dizard’s ambit is not policy wonkery but apt and often cynical observations about behavior and trading patterns in less visible […]
Read more...Global Tax Dodging Just One Part of Pfizer’s Corrupt Business Model
Pfizer whines about needing higher drug prices, when rather than investing, it has spent over 100% of its profits on stock buybacks and dividends.
Read more...CalPERS Hired a Fiduciary Counsel Accused of Serious Misconduct Over More Than a Decade, Including Kickbacks, Failure to Disclose Conflicts of Interest
CalPERS’ board has hired a fiduciary counsel, Robert Klausner, who has been associated with scandals for over a decade, the latest in Jacksonville, Florida.
Read more...10 Economic Facts that Power the Sanders Insurgency
Why are so many drawn to the Sanders message? It’s because so many of us want to stop our entire society from crumbling beneath the destructive power of runaway inequality.
Read more...Harvard Business Review Ranks Amazon’s Jeff Bezos as Most Predatory CEO
A new Harvard Business Review ranking shows Amazon’s Jeff Bezos as being the top predator among CEOs.
Read more...GXG Markets Fallout (I): Capital Venture Europe Sues GXG
The fallout from GXG Markets closure begins: Capital Venture Europe files a lawsuit
Read more...Is CalSTRS Enabling Election Fraud?
CalSTRS provided what appears to be a doctored record in response to a Public Records Act request about a recent board election.
Read more...Former California Official Blasts CalPERS CEO Anne Stausboll, Staff, and Board for Misconduct
Former California official Tony Butka He deems Chief Investment Officer, Ted Eliopoulos, the head of private equity, Réal Desorchers, and private equity professional Christine Gogan to have been so dishonest with the board that they all have should have received a notice of intent to discharge.
Read more...Second Circuit Rules That Dodd-Frank Whistleblower Protections Protect … Whistleblowers
the second circuit rules that under Dodd-Frank whistleblowers are… whistleblowers even if they don’t dot the i and cross the t.
Read more...Wolf Richter: Corporate Revenue Recession Spreads past Dollar, Energy
Now that 495 of the S&P 500 companies have reported second quarter earnings, something has become abundantly clear: 2015 is going to be a nasty year for corporate revenues.
Read more...The End of the Deferred Prosecution Agreement?
From the Wall Street Journal comes news of an intriguing case that would give judges much more leeway in overruling a hapless Justice Department and their light-touch deals with corporations.
Read more...Governance Matters
This post illustrates how dominant the neoliberal paradigm has become all over the world, and how it fails to acknowledge, much the less address, the well-known failings of markets, such as externalities.
Read more...Libor Trader Sentenced to 14 Years for Market Manipulation. So What About His Bosses?
While it’s gratifying to see former UBS trader Tom Hayes go to jail for large-scale Libor bid rigging, his bosses had to have known what he was up to. So when will we see their indictments?
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