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Daily Archives: March 24, 2015
‘Fiduciary standard’ at risk of becoming another sales jingle
Much buzz today as the head of the Securities Exchange Commission tells Congress her agency is moving forward with a new improved standard of care in the finance sector. See: Sec chief forges ahead on financial advisor regs. It has … Continue reading
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Monica Lewinsky on public shaming as bloodsport
Lewinsky made the decision to have an affair with a married man who also happened to be the President, and for this she suffered personal consequences. The relevant public issue in my view, was not the infidelity, but rather that … Continue reading
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The problem with stock buybacks
Why high corporate profits aren’t translating into widespread economic prosperity, as explained in William Lazonick’s HBR article, “Profits Without Prosperity.” Here is a video report. Five years after the official end of the Great Recession, corporate profits are high, and … Continue reading
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