Working Life

    Keep our eye on the ball. I’m sure the Waltons are doing a great dance over in Bentonville, Arkansas in light of the U.S. Supreme Court ruling blocking a class-action suit against the companythat, had it been successful, would have likely cost the company billions of dollars in damages. But, let’s be clear: Wal-Mart […]

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   It never ends. The robbery of the great wealth of the nation. The Audacity of Greed of the CEO class is never quenched. On Friday, I wrote about the huge pay increases sweeping through the CEO class in the financial community. It’s a cancer that is spreading again everywhere. Let me start with this […]

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   The answer is no, I’m not surprised. But, we must never lose the sense of outrage or simply shrug because "it’s just the way it is". Never. The absolute Audacity of Greed has to be challenged every moment.    In the Financial Times today: Jamie Dimon underlined Wall Street’s return to health after the […]

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   I know we are shocked by this (via The Wall Street Journal–subscription): Overall, median total direct compensation for CEOs in the sample rose 3.0% during their latest fiscal year, as total shareholder return came in at 29%. Total direct compensation includes salary, bonuses and the awarded value of stock, options and other long-term incentives. […]

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   I’ve written extensively about greed and CEO pay, particularly in "The Audacity of Greed". So, I like to see the non-traditional press pick it up and stick with it. Here’s a piece by Michael Hiltzik in The Los Angeles Times, which is a follow up piece by him on Ray Irani of Occidental Petroleum: […]

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I’m reading the reports of the awful job reports that came out today. I’ve been arguing for some time that the search of "green shoots" in the economy is a mirage and an experiment that covers up how bad the economy is for real people. But, this made me stop in my tracks.   From […]

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