Uncovering Capitalism – the actual Workings (forthcoming) includes a brief case study of the impacts of private equity strategies on this hospital chain, “A Brief Private Equity Case Study from Healthcare” in Chapter 6. Using information from Matt Sedlar’s, “Private … Continue reading
Much is being made of a Delaware court blocking Musk’s $50 billion compensation contract. See the reporting in the NYTimes: Elon Musk’s Tesla Pay Package Is Voided by Judge. The court found that the compensation was set by a Board … Continue reading
Its the time of year for summations, usually for just the previous year. My selection of charts explains much of the past 45 years for the rich, middle-class, and poor in America. The Great Divide The dark blue line describes … Continue reading
A video version of the earlier post, “$47 Trillion – the ripoff by the rich and corporations – in two charts – maybe a few more…..” is available on YouTube:
I was already 31 years old when the rip-off of America began in 1979. I was busy, and the changes in American life were only occasionally to be noticed. By the mid-1980s my management life started to feature the early … Continue reading
In the last couple of years articles have begun to appear with titles like: When Private Equity Becomes Your Landlord Where Have All the Houses Gone: Private Equity, Single-Family Rentals, and America’s Neighborhoods Meet the Latest Housing-Crisis Scapegoat Wall Street … Continue reading
Financialization is an awful word. It sounds clumsy in the mouth and refers to a process that has been underway for over 40 years but is nearly unknown to most of us. Before we get to Norfolk Southern, the railroad … Continue reading
Southwest Airlines canceled thousands of flights representing more than 80%of all cancellations during the Christmas 2022 snowstorm. The scale of this service implosion led to stories about old software systems for managing passenger bookings and flight schedules. Then, discussions of … Continue reading
January 23, 2002 (revised 1/29/02) The collapse of energy giant Enron over the last six months has produced a surprising level of outrage especially for a cynic like me. As this drama continues to unfold, I have been trying to … Continue reading