Bill Black: The OSU Marching Band Exemplifies Why Economists Err by Ignoring Culture
Contemporary economists do not include corruption in their models, yet another reason their models should not be relied on to make policy.
Read more...Category Archives: Corporate governance
The Challenges of the Greek Crisis
An overview of how the Greek crisis is stressing international institutions as well as (sadly and predictably) Greece itself.
Read more...The 3 Most Ludicrous Corporate Arguments Against CEO-Worker Pay Disclosure
Public corporations and their lobbyists make intelligence-insulting arguments against Dodd-Frank mandated CEO-worker pay disclosure.
Read more...Who Benefits? – Rising Generic Drug Prices and the Case of Mylan’s Conflicted Property Purchases
It’s remarkable to see the level of obvious self-dealing at Mylan persist as long as it has. Be sure to read about how the former CEO was permitted to let his son use the company jet on behalf of his rock band.
Read more...CalPERS Scrambles to Get Private Equity Carry Fee Info After We Break Story That They Had No Clue What They Were Paying
CalPERS takes some steps to clean its private equity house by getting carry fee information, but only by virtue of feeling serious external pressure. And the way it responded show that the rot runs deep.
Read more...Cringley on How the Bogus Shareholder Value Theory is Wrecking the Computer Industry (and America Generally)
Why the bogus idea that managers should focus on “maximizing shareholder value” is driving the American IT industry into the ditch.
Read more...“If You Are Not Building a Nation, Then What the Fuck Are You Doing?”
How arrogant ignorance has squandered the US position of world leadership.
Read more...New Brunswick: How the Scammers Behind Virgin Gold Mining Corporation Found a Really Soft Touch
By Richard Smith It’s high time for an update on this vast fraud story, which has, near its core, Bryan Cook and Thomas Yi, of bogus international investment bank London Capital. Here’s a synopsis of the story so far at NC, and the global press coverage that has ensued. First, there was “Is Power8, Sponsor of […]
Read more...Matt Taibbi on Democracy Now: Banks Admit to Crimes, Pay $5 Billion, And Still No One Goes to Jail
So why shouldn’t banks admit to criminal conduct? They get slap on the writs fines and no one goes to jail.
Read more...Belvedere Management and its $16Bn: Now Looking More Like a Huge Collapsing Scam
As the regulatory actions accumulate, Belvedere Management looks less and less like a maligned fund manager, and more and more like a giant fraud. How much of the $16Bn it purported to manage is left?
Read more...How Is It Possible That the Trustees at Cooper Union Have Not Resigned in Shame?
Eric Schneiderman is looking into the mess at Cooper Union. Let’s hope the outcome is a return to Cooper’s vision of free tuition.
Read more...Corporate Greed is Killing Investment
How the dubious “maximize shareholder value” thesis, an economic theory, and not a legal requirement, hurts investment and undermines growth.
Read more...HSBC’s Money Laundering Nightmare (1): Mossack Fonseca
HSBC’s top brass have “no idea” about Mossack Fonseca. Here’s a primer.
Read more...New York’s Benjamin Lawksy and the SEC’s Kara Stein and Luis Aguilar Push for Tougher Sanctions Against Bank Executives
More regulators are getting serious about finding ways to hold individual bank executives responsible for misconduct.
Read more...New Zealand’s Cathy Odgers Bungles Her Resignation From Pacific Fiduciaries
There’s no end in sight to Odgers’ inept duplicity: she can’t even tell the truth about her resignation from Pacific Fiduciaries
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