Bill Lerach on Litigating Corporate Wrongdoing: “The System Is Set Up to Defeat Deterrence”
The formidable and controversial former lawyer Bill Lerach explained in a recent interview why corporate misconduct is so deeply entrenched.
Read more...Category Archives: Investment management
New Study Reveals Greenwashing as Key Obstacle for “Sustainable” Funds
Sustainable fund managers have discredited the sector by being way too company-friendly, such as accepting greenwashing claims.
Read more...Why Elon Musk’s ‘Self-Driving’ of Tesla’s Board and Its Decision to Pay Him $56B Collided with the Law – and What Happens Next
Elon Musk learned a costly lesson: he is not bigger than the law, here administered by a Delaware court judge.
Read more...We Deserve Medicare for All, But What We Get Is Medicare for Wall Street
An overview of health care, particularly Medicare, rentierism, with private equity playing a starring role.
Read more...Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt
Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.
Read more...“Should CalPERS Fire Everyone and Just Buy Some ETFs?”
Another well-substantiated critique of CalPERS’ investment performance.
Read more...Wolf Richter: Not Sure How Long It’ll Last: Spending on Factory Construction Does a Historic Spike, after Years of Going Nowhere
This is amazing, and I’m not sure how long it will last.
Read more...Why Fossil Fuel Companies Can’t Leave Resources Stranded
A discussion of how fossil fuel companies’ imperatives and our legal regime preclude getting them to leave oil and gas in the ground.
Read more...Action Delayed, Justice Denied by Voluntary ESG Approach
A useful debunking of the consultant-enriching, board-distracting, and potentially regulatory-underming con known as ESG investing.
Read more...Beware Climate Finance Charade
Finance has increased, not reduced, greenhouse gas emissions. Yet the industry is bizarrely touted as part of the solution.
Read more...Deceit Pays Dividends: How CEO Lies Can Boost Stock Ratings and Fool Even Respected Financial Analysts
Reaching not-necessarily-sound conclusions from turning a supposed lie-detecting AI on CEO earnings calls and analyst ratings.
Read more...The Coming Ukraine Collapse and the “Rebuilding” Headfake
The hyping of Ukraine rebuilding is at least as delusional as the earlier war talk.
Read more...Bloomberg Details How Unqualified CalPERS Chief Investment Officer Nicole Musicco Floundered Before Sudden Exit; Sports Focus Raises Specter of Possible Conflicts of Interest
More on the implosion of former CalPERS Chief Investment Officer Nicole Musicco.
Read more...CalPERS Chief Investment Officer Nicole Musicco Resigns Abruptly, Intensifying CalPERS’ Senior Staffing Instability
CalPERS lurches into a new crisis. The official story of the sudden resignation of CIO Nicole Musicco does not add up. What gives?
Read more...The Scourge of Corporate Financialization: Income Inequity, Employment Instability, Productive Fragility
Stock buybacks, aka corporate financialization, as a mode of predatory value extraction
Read more...