Shareholder Value is a Dumb Idea

In 2009 GE’s iconic CEO Jack Welch denounced maximizing shareholder value as a business objective in an interview in which he bluntly stated “on the face of it, shareholder value is the dumbest idea in the world”.  Shareholder value initially posted impressive results...

US Bankers Continue To Destroy Value

In a capitalist system the financial sector is supposed to be the grease that makes the wheels of the economy move forward – not be the wheels. In their outstanding book 13 Bankers – The Wall Street Takeover and the Next Financial Meltdown, authors Simon Johnson and...