Ten Outcomes in a Post-COVID-19 Economy

COVID-19 is the economic equivalent of a wildfire.  The US economic landscape has blighted overnight and it will take time for new growth to appear.  So, I am stunned by the speculative timetables being put forth by politicians about when the US economy will get back...

Maximizing Shareholder Value is a Dumb Idea

With the recent passing of Jack Welch, GE’s iconic CEO, I wanted to highlight a moment in his career when he made a rare shift in his otherwise outspoken business philosophy.  In March 12th 2009 interview with FT Jack denounced the business objective of “maximizing...

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...