When the message is inconvenient and constraining of status quo corporate profits, suppress it and harass the messengers. True North strong and free?
A recently retired Fisheries and Oceans Canada biologist says the muzzling of federal government scientists is worse than anyone can imagine.
Steve Campana, known for his expertise on everything from Great white sharks to porbeagles and Arctic trout, says the atmosphere working for the federal government is toxic.Here is a direct video link.
Overpaid? do ya think? Outrageous pay and teams of lawyers influencing government policy and regulation in your favor and teams of accountants scheming ways to minimize your taxes, all while shielding you from personal responsibility for your actions. Then when you screw up, taxpayer funded bailouts let you continue. Good gig if you can get it. It’s good to be king.
Two votes on executive pay today: At JPMorgan’s annual meeting, shareholders will weigh in on the company’s pay packages, and there will be a similar vote at Morgan Stanley’s annual meeting. Critics say the heads of some of the world’s biggest banks are overpaid. Here is a direct video link.
Corporations are a legal construct created by legislation, they can be reeled in by legislation and prosecution of the individuals directing them when they break the law.
Columbia University Business School Professor and Nobel Prize Laureate Joseph Stiglitz discusses global income inequality and what he would do differently in corporate governance to refocus companies back to long term business building and away from an obsession with short term share price moves. Here is a direct video link.
Cory’s Chart Corner
Wildly asymmetric and unsustainable.
BREAKING: The wealthiest 1% of US earners now own 50.1% of US equity and mutual fund holdings.
To put this into perspective, their ownership stood at 40.1% in 1990 and 39.6% in 2001.
At the same time, the next 9% wealthiest households own 37.3%, and the middle 40% own just
