Category Archives: Corporate governance

The EU Sows the Seeds of Its Own Destruction

Brussels’ increasing attacks on the working class mirror decades-long Italian efforts that have caused a collapse in standard of living and trust in the EU.

Mammoth RICO Lawsuit Targets Credit Suisse, Many of its Directors and Execs, and KPMG for Over a Decade of Fraudulent, Reckless Conduct

Credit Suisse, or more accurately, buyer UBS, some execs/board members, and KPMG are targets in a monster RICO suit.

The Collapse in Operational Capabilities in the West and Some Knock-On Effects

Why does the West seem increasingly unable to get out of its own underwear?

KHN: $50 Billion in Opioid Settlement Cash Is on the Way. We’re Tracking How It’s Spent.

Citizens struggle to track how states are using all the money health care executives paid for their get-out-of-jail cards after they killed or addicted millions.

Were the Bank Bailouts the Result of Rising Wealth Concentration?

Are many of the explanations of the recent bank tsuris barkign up the wrong tree?

Investing in Influence

A corporation’s political strategies are not dictated by profit alone, and regulators concerned with corporate influence should monitor how corporations are governed

Losing Out in Critical Technologies: Cisco Systems and Financialization

Cisco turned from innovation to financialization, weakening the position of the US information-and-communication-technology industry

China as a Developmental State: Indigenous Innovation and Global Competition

China chose a successful technological development path, in contrast to the corporate financialization model in the United States.

Companies Are Paying Inflation Busting Dividends at Cost to the Rest of the Economy, Including Their Employees

How companies are paying dividends rather than investing in their business or paying employees better……and often borrow to do so.

Michael Hudson on Finance Capitalism’s Self-Destructive Nature

Michael Hudson rings the changes on a favorite theme: the differences between the financial capitalism and industrial capitalism systems

New York Times Shows How McKinsey “Guided” Major Opioid Players, Causing Even More Deaths

More on how McKinsey has gotten away with murder.

CalPERS Staff in Fury Over Covid Negligence, Regulation-Breaking Risking Staff, Seniors, and Day-Care Children; CalPERS Lies About Cases and Lack of Compliance

CalPERS has risen from being a risk to merely to the financial health of beneficiaries and taxpayers to being a bona fide health hazard.