Hastening the Responsible Company Revolution
The modern corporation is often seen as a complex legal instrument. In common law theory, it is anything but. A corporation is a legal person controlled by other legal entities, either secondary...
View ArticleWhy What Happened at Home Depot's Annual Meeting Matters
A couple of weeks ago, on May 25th in Wilmington, Delaware, Home Depot held its annual shareholders meeting. What happened there has been described by observers as "cowardly", "disgusting",...
View ArticleWhen Tort Reform Backfires
Cross-posted from The TortelliniOne thing that always heartens me is the way the dynamic American legal system continues to confound the corporate interests trying to immunize themselves from lawsuits....
View ArticleSEC Poised to Harpoon Us but we can fix ém
OK, I wrote my letter (polite but firm) to Jet Blue. I wrote my Congressman's aide about impeaching Cheney, and I'm working on our http://hancockdems.org/ but even in the midst of Cheney's One Day...
View ArticleRetroVision Media: Is John McCain Taking A Dive In The Fight For The White...
Yesterday’s posting promised to reveal our suspicions as to why we thought John McCain was losing this election by design. After taking a close look at his rescue plan and comparing it to that of the...
View ArticleA new idea for executive compensation
Most corporate mission statements include commitments to their key stakeholder groups: shareholders, customers, employees, partners, sometimes even supplier networks. "When they do well, we do well",...
View ArticleBreakthrough: Shell Shareholders *Reject* Exec Pay
I am not one who believes that executive compensation is the only thing we should focus on in trying to change the economic rules. But, the astonishing degree of greed and legal looting of corporate...
View ArticleImportance of Shareholder Ire
Earlier this past week, Royal Dutch Shell announced that it was "freezing executive pay and revamping bonus policy." This choice came in response to a shareholder rebellion at last year’s shareholder...
View ArticleBP To Pay $10 Billion To Shareholders: Updated x2 Plus Poll!
Now here's another oil disaster story to warm the cockles of one's heart: http://rawstory.com/... (which has links to stories in the Guardian and elsewhere).Instead of setting aside the money for clean...
View ArticleAre CEO votes the only ones that count?
Bloomburg reports that:"The Securities and Exchange Commission voted 3-2 today to require that companies put investor board candidates on the proxy statements sent to stockholders before director...
View ArticleCEO "Greed Is Good" Ethos--The Robbery Continues Big-Time
The "Greed is Good" ethos--let me get my hands on every dollar possible no matter how many people lose their jobs or how sleazy I look or how bad this is for the shareholders--has not gone away. As...
View ArticleThe end run around 'Citizens United' ... maybe.
I like the idea of knowing who is Funding those fly-by-night Front Groups. This might be one way to pin an "origination" to all that unfettered Corporate Speech, that the "Citizens United" unleashed,...
View ArticleThe Tale of two fracking Audiences: the Locals and the Shareholders
This story is astounding in its duplicity ...Opinion today: Citizens misled by hydrofracking leases by The Post-Standard, Syracuse.com -- February 09, 2012[...] In 2006, the huge oil and gas companies...
View ArticleGas-land Leases: When it comes to 'the fine print' it ought to be Criminal
This story is startling in its duplicity ... some people get the all the perks, and some people just get all the pain ...Opinion today: Citizens misled by hydrofracking leases by The Post-Standard,...
View ArticleCitigroup Shareholders say NO to SOP
They said NO -- voted No -- to rubber-stamped outrageous CEO Salaries.Well its about about damn time!What took them so long?Citigroup’s Chief Rebuffed on Pay by Shareholders by Jessica...
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Huge Protests at BofA Shareholder Meeting Today. Pay Packages Approved,...
Class War Kitteh on pinterestCharlotte Occupies Bank of America!Andrew DunnBank Of America Protests Begin At Shareholder Meeting Activists from Occupy Wall Street, the environmental movement and labor...
View ArticleCME Chair Lies to Shareholders
Over the last few months I was able to see a good part of the 99 Power movement take off at shareholder meetings across the country. Activists protested outside of the meetings while shareholders...
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Consumer Watchdog Mimes Invade Mountain View Before Google Shareholders Meeting
Group Plans To Ask Google Executives What They Knew About Wi-Spy Consumer Watchdog today sent its “Google Track Team” comprised of mimes dressed in white track suits to follow shareholders as they...
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Who is Taxed, Corporations or People?
Some Justices on the Supreme Court still insist that corporations are "people". Pictured below is the Ugland House of Grand Cayman Island. Inside the building is the office of the law firm Maples and...
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It's Hard to Watch a Rich Grown Man Cry
Last year, mostly because of stock options, the top 100 CEOs earned between $18 and $378 million. CEOs on the S&P 500 now average $13 million a year -- while over the past five years 64 major U.S....
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Over-paid, Under-Taxed, and Over Here
A short dissertation on proposed laws to cap excessive CEO pay, reforming the economic imbalance in wealth inequality, rebuilding the U.S. middle-class, dispelling Republican talking points, and...
View ArticleWe need Guillotines, or a Big Stick
If a parent doesn't punish, or threaten to punish, a child for any wrongdoing, how does that child behave in the future? It's the same for CEOs, bankers and politicians. While spanking them might not...
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Exporting America's most Vital Resource, Jobs
In a capitalist society such as the United States, the economic principle of "free markets" and "supply-and demand" compliments the theory that consumers are "job creators", just as jobs that pay a...
View ArticleWorld's Oiliest Corporation Once Again Refuses LGBT Equality Provision.
When they're not plotting to destroy the ecosystem, I think almost all ExxonMobil Corporation shareholders must sit around gravely concerned about the "homosexual agenda." How else to explain this vote...
View ArticleWe’ve got Walmart’s Attention
Walmart can’t catch a break this year. From the unprecedented Black Friday strikes last November to the End Death Traps Tour in April, the retail giant has taken non-stop heat for it’s perpetually low...
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The Chinese Dilemma
When I think of immigration reform in the US today, I think of people migrating here from across our southern border in search of work, usually for low-skilled and low-paying jobs --- such as farm...
View ArticleAmerican corporate fiefdom and oil
In the process of trying to reach out to more people for more understanding about America and what our country has become, I think that the biggest concerns that I have about this country is how...
View ArticleDo We Need Corporate ‘Loyalty Oaths’?
This diary explores the reasons We the People enacted laws allowing corporations to exist in the first place.
View ArticleNew Solution to Citizens United
A New Way to Overcome Citizens UnitedA Maryland State Senator is proposing a creative way to counter the effects of the Citizens United ruling. His idea grew out of a statement by US Supreme Court...
View ArticleThe CEO's "Profits First" Myth
Snookerd is the word. If you believe, as I have for years, that corporations have a "fiduciary responsibility" to maximize profits for their shareholders as their primary business concern, that their...
View ArticleICYMI - How Shareholder Value Distorts The Economy: the Price of Profits
Yesterday I wrote up a diary around an extremely important series Marketplace just completed with the help of Business Insider. It looked at the various ways the economy has changed over the last few...
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What's next after labor unions are gone?
The most important thing important thing that ever happened to build the middle class in America was the hard fought success of the labor movement. Much of what we today take for granted is owed to the...
View ArticleNYOAG Schneiderman No, Rep Smith, We Will Not Comply
from Sierra Club Santa Lucian newspaper This is presented in only pdf format from Sierra Club. I felt it should be presented as a full article on the SierraClub website or another site, so i am posting...
View ArticleEpiPen's entire board is on the chopping block as more outside advisors side...
Big pharmaceutical company Mylan has been the focus of federal investigations, class-action lawsuits, and general pressure after they became one of the highlighted representations of corporate greed....
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Climate Change, Blue Water Cargo Shipping and Predicted Ocean Wave Activity:...
Climate Change, Blue Water Cargo Shipping and Predicted Ocean Wave Activity PART THREE OF THREE PARTSWhatever is finally determined by scientists as the exact combination of factors that forms these...
View ArticlePrimacy Of Shareholders Is Actually Holding Back Economic Growth
One of the mythical mantras of Republicans is that oppressive regulation and increased capital requirement are keeping banks from lending money, stifling potential economic growth. This, of course, is...
View ArticleCorporations Owe Americans More
The stock market is effervescent. Unemployment seems inexorably descendent. On financial news shows, someone always is singing, “Happy Days are Here Again.”But the chorus isn’t so cheery on factory...
View Article"At War" (En Guerre): A French Look at Labor Relations
It is currently a time when liberal democracies around the world seem to be imploding, Brexit is tearing Britain apart, and the United States is fighting for its soul.Yet, there are some story lines...
View ArticleSix Reasons Not to Believe the Business Roundtable's New "Stakeholder" Promise
A new statement from the Business Roundtable commits to stakeholder interests instead of making the primary purpose of the company shareholder value. Long-term shareholders are increasingly committed...
View ArticleThe SEC's Awful Proposal to Suppress Shareholder Votes
The SEC has proposed two appalling new rules which would suppress shareholder votes and access to the sole source of independent information on subjects like out-of-control CEO pay and climate change...
View ArticleDr. Strangelove economics: or how I learned to stop worrying and love the...
Dr. Strangelove Economics: or how I learned to stop worrying and love the crash is a ten-part economic essay about the economics of America. I call my chapters scenes because each one has a...
View ArticleDisney stops paying 100,000 workers while protecting $1.5 billion dividend...
On Monday, 100,000 Disney theme park and hotel workers in the United States, along with the cast members who play the suited-up children’s characters, were furloughed. Disney says this is the direct...
View ArticleThe Pandemic Was Bad for Workers. Can Shareholders Turn Things Around?
The Pandemic Was Bad for Workers. Can Shareholders Turn Things Around?GLENN DAIGON07/22/21Originally published in the online journal, WhoWhatWhy, whowhatwhy.org/...One would have to forgive the...
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