Posted on 21 August 2012. Tags: CEOs, Mitt Romney, Paul Krugman
The barrage against Mitt Romney’s record as the chief executive of a hedge fund is head-shaking. Not because it isn’t legitimate to probe his record of job creation or destruction while at the helm of Bain Capital. Rather, there is a more fundamental question: why would anyone think a business executive is qualified to run a country?
This is a common choice voters are being offered around the world. Unemployment is high, governments appear incapable of charting a course for economic security and people feel afraid.
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Posted in General Interest
Posted on 13 September 2011. Tags: Audacity of Greed, Blackstone, CEOs, Debt, Deficits, Economic Policy, Greed, Honeywell, Howard Schultz, Paul Krugman, Pay, starbucks, Stephen Schartzman, Tax Shelters, Taxes, Thieves Guild, Working Life
I am continuously amazed by the reverence accorded company bosses. Put aside the incompetent ones, who get huge severance packages when they leave, or those who have looted their companies of tens of millions of dollars in pay and benefits, even when the companies lose money or collapse. I’m talking about even the ones […]
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Posted on 06 July 2011. Tags: Bill Clinton, CEOs, Corporate Profits, Debt, Deficits, Greed, Jobs, Mirage, Overseas Profits, Recovery, Retirement, Tax Holiday, Wages
Happy Days are here again, folks–uh, for the corporate bottom line. The people: not so much. Profits are up big time: While the U.S. economy staggers through one of its slowest recoveries since the Great Depression, American companies are poised to report strong earnings for the second quarter—exposing a dichotomy between corporate performance and […]
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Posted on 06 May 2011. Tags: CEOs, Corporate Profits, ExxonMobil, Fortune 500, Greed, Middle Class, Poverty, Temporary Workers, Unions, Wages, Wal-Mart
It’s a great time in America–if you are the CEO of a Fortune 500 company. Not so much if you are a regular American. The profit gains of the Fortune 500 registered the third largest gain in history in 2010. By contrast, the people continue to struggle. Even the editors of Fortune recognize the […]
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Posted in General Interest
Posted on 05 February 2011. Tags: CEOs, Constitution, False Choices, Financial Crisis, Food Safety, Greed, Health and Safety, Justice, Michael Bloomberg, Middle Class, Pensions, Progress, Robbery, Savings and Loan Crisis, Social Security, Soviet Union, The Marketplace, Unions, Wal-Mart
Yes, to get back to some sane, healthy economic strategy we have to confront the Wall Street/Robert Rubins of the world, the corruption of the electoral system and a whole set of adversaries. But, I would put at the top of the list the false framing of the choices before us as a nation, and […]
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Posted on 29 December 2009. Tags: CEOs, Corporate Welfare, Corruption, Cronyism, Governance, Gretchen Morgenson, Wall Street
Merit is one of the enduring standards we are all taught from the moment we start school. If you get good grades, you advance. If you perform well, you advance. What, then, are we supposed to think about the young children or college-age students who read about this, courtesy of The Times Gretchen Morgenson […]
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Posted on 14 August 2008. Tags: 2008 Elections, Barak Obama, CEOs, Class Warfare, Economics
I am not surprised by this but it makes me wonder why there is this general whispering campaign that critics of Sen. Obama’s economic proposals should keep quiet. The Wall Street Journal this morning: The campaign for the CEO vote is heating up. With increasing attention on the economy, the presidential candidates are trying […]
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Posted in General Interest
