Posted on 06 June 2012. Tags: Bribery, Corruption, Mexico, Shareholders, The Waltons, Unions, Wal-Mart
This is one reason people do not understand how the economy really works–because transcribers of press releases (formerly known as "journalists") don’t do their jobs. A basic point of journalism is tell the reader, fairly soon, WHY something happened…well, if you read this story, you don’t get there until it’s way too late: Investors […]
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Posted in General Interest
Posted on 02 November 2011. Tags: Eugene Isenberg, Golden Parachutes, Greed, Jon Corzine, MF Global Holdings, Shareholders
The "Greed is Good" ethos–let me get my hands on every dollar possible no matter how many people lose their jobs or how sleazy I look or how bad this is for the shareholders–has not gone away. As I’ve argued, part of the problem is that, since the financial crisis in 2008, the system […]
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Posted in General Interest