Wall Street Vs. Main Street
The uproar of financial analysts over a wage hike at American Airlines is really illustrative of what has gone wrong with the economy. The details of this case are particularly […]
United Airlines: The Structure Behind The PR Disaster
The United Continental ‘reaccomodation’ of a passenger is a symptom of a deeper structural deficit in the industry. The structure pits passengers against shareholders and the first tend to loose […]
Is Shareholder Capitalism Actually Good For Shareholders?
Since the late 1970s, the concept that firms exist exclusively for creating shareholder value has gained track and it is now firmly anchored by a host of institutions. While it […]
From Value Creation To Value Extraction
When the SEC greatly facilitated corporate share buybacks and executive pay was tied to the stock price, the elements were in place for management to game the system. Stock markets […]