Tag Archives: stocks

A New King Of Corporate Charter For Public Benefit

A New King Of Corporate Charter For Public Benefit
Historically, Delaware’s courts have used their influence to declare, over and over, that a corporation’s sacred duty is to maximize profit for its shareholders — everyone else, including workers and customers, be damned. If a corporation deliberately took a hit to profits, no matter how noble the cause, shareholders could sue. In other words, corporations could be good, or they could grow, but they couldn’t do both. Enter the benefit ... Read more

Short-term Thinking, Profits on Wall Street; Pain on Main Street

Short-term Thinking, Profits on Wall Street; Pain on Main Street
What’s bad for Main Street and good for Wall Street in the short term is bad for both in the long term. The American economy is at a crawl. Median household incomes are dropping. The American middle class doesn’t have the purchasing power to keep the economy going. And as companies focus ever more on short-term share prices at the expense of long-term growth, we’re in for years of sluggish performance. When, if ever, will Wall Street learn? Read more

Solution to the Budget Shortfall: The ‘R.A.T.S. TAX PROGRAM’ To Make the Rich and Corporations Pay

By Jack Rasmus June 30, 2011 COMMENTARY: As the deficit-debt debates intensify it is becoming increasing clear that Teapublicans want only draconian cuts in spending, social security-medicare-medicaid and public education in particular. Democrats want cuts but also modest tax increases. Both have agreed already that the cuts will be several times the tax hikes, if any. Democrats are content to pare the edges of the massive tax cuts for ... Read more