I always thought pay cap rules coming from Washington were more show than real. Earlier this year, I pointed out the weaknesses in the initial CEO pay cap rules. And, in fact, the new twist on this will cover a relatively few in the high-flying world of obscene CEO pay: The Obama administration’s sweeping […]
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Jonathan Tasini's Ruminations on Work, The Economy, and PoliticsTag Archive | "capitalism"
The Financial Times: Capitalism Has Failed
Posted on 10 March 2009.
Yes, that is the underlying message delivered today by one of the world’s leading financial publications. For many of us, this is no surprise: you had to be truly ignorant to pretend like the economic system was a success just based on the growing divide between rich and poor over the past decade, and […]
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No, Leslie, This Isn’t Socialism
Posted on 21 October 2008.
I meant to post this yesterday but got all wrapped up in heading out for a work trip to make headway on my book…but how many of you saw the "60 Minutes" segment Sunday where Leslie Stahl interviews the hread of Bank of America, Ken Lewis? Here is the priceless question from Stahl, relating […]
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