In journalist Tom Mueller’s newest work, Crisis of Conscience: Whistleblowing In An Age of Fraud, he makes a case for how the United States, which was founded on the premise of “equal justice under law” has become a “banana republic.” The 600-page book covers some 200 plus interviews with whistleblowers, which includes me and the… [Read More]
So, What’s With CEO Pay???
Since the Business Roundtable announced its new purpose of business and de-emphasized the role of profits and long-term value to its shareholders, many articles have fostered the reasoning behind it, including my own. In fact, while their new purpose was praised by many, it also received criticism from others, including the Wall Street Journal. Most… [Read More]
It’s Just Good Business…
The recent Business Roundtable (BRT), which includes CEO’s of some of the largest companies in America, revised their definition of the purpose of a corporation. The revised purpose statement, signed by 181 of their members, has focused more attention on ESG, environmental, social and governance issues. For the first time in the history of BRT,… [Read More]
We Owe a Big Thanks to Felicity Huffman
So how do you view the recent sentencing of Felicity Huffman, the Desperate Housewives actress? Something to consider… what does the sentence she was given signal to society? Was it appropriate for bribing? Or does the sentence, including the fine, merely represent getting her hand slapped? I believe it signals a bigger issue, and as… [Read More]
ESG and the “New” Business Purpose
ESG, not a cooking spice, is at the heart of a new business model. In fact, ESG (Environmental, Social, Governance) is at the core of this August’s Business Roundtable (“Roundtable”) new statement of business that redefines the purpose of a corporation to promote “an economy that serves all Americans.” This new purpose was briefly discussed… [Read More]
Purpose or Profits? Can we have both?
Milton Friedman, the 1970’s Nobel economist stated that “… there is only one social responsibility of a business, to engage in activities designed to increase its profits.” And for over 47 years, the Business Roundtable (“Roundtable”), an association of CEOs of 193 companies with over $7 trillion in revenue and almost 15 million employees, followed… [Read More]
More Deregulation? The Caution Flags are Waving
According to Merrill Matthews; Senior Fellow at the Institute for Policy Innovation, “We do not think a U.S. recession is imminent, but the threat is very real; the caution flags are waving. Nor do we think recessions are inevitable. Rather, they are almost always the result of misguided policies — sometimes exacerbated by the Federal Reserve Bank,… [Read More]
WE’RE BACK! …The corporate debt bubble strikes again!
Inflated bond ratings were one cause of the financial crisis and it looks as if we haven’t learned from that experience. Here we are ten years later and we’re heading down that path once again. People are concerned right now about an imminent recession for just cause. So how did we circle back? This… [Read More]
Too big to be held accountable?
Well the jury’s in. And the results are not good. It appears we are more lenient towards white-collar financial crimes than ever, with fewer financial crimes cited and lesser fines/settlements paid. In our present administration, fines and settlements against corporations have plummeted and prosecutions of individuals are falling to record lows. In the last administration the Department… [Read More]
How to Lose or Gain Productivity and Profitability
In a recent post, I commented that once trust is lost it is challenging, at best, to restore it. Trust is an essential ingredient in all relationships, personal or business, whether on the factory floor, the boardroom, marriage or friendship. It is as Steven M. Covey, author of The Speed of Trust says, “it’s the… [Read More]
- « Previous Page
- 1
- …
- 5
- 6
- 7
- 8
- 9
- …
- 32
- Next Page »
