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 ... 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 ... Read more