Author Archives: Yves Smith

A Stern Note to Readers

While we encourage well-informed, well-argued, and sometimes energetic discussions, rancor is another matter. Yesterday, a long thread on Lambert’s post on the RFK, Jr. speech where RFK, Jr. excoriated the contemporary Democratic party and endorsed Trump too often descended into advocacy and bile. Several times in the past I have had to shut off comments […]

Read more...

The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant

A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.

Read more...