By William Lazonick and Matt Hopkins “On December 7, Portland, Oregon, passed a law that will impose a surcharge on the local business taxes paid by corporations that operate in the city when the CEO’s compensation is 100 times or…
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The best thing I read all year—2016
By Rita Gunther McGrath “To round off 2016, we asked 10 leading business school professors a question — what is the best thing you have read this year and why? Some said this was such a tumultuous year, they focused…
What am I yelling at CNN’s Poppy Harlow?
By Les Leopold “Honestly, I don’t usually talk back to the TV. But I couldn’t contain myself during Poppy Harlow’s December 10 interview with John Feltner, the United Steelworkers vice president of the Rexnord local union where 300 jobs are…
Competitiveness and talent are decisive factors for foreign investment
By Tonja Blatnik “That was one of the key messages of the 7th FDI Summit Slovenia 2016 which was attended by more than 100 leading representatives from business, diplomacy and politics.”… [Click HERE to read the full article]
What were we thinking?
By Rita Gunther McGrath “If you are a management theory junkie, the 2016 Peter Drucker Global Conference in Vienna earlier this month was like catnip. A wonderful list of presenters and commentators spoke to the conference theme, “The Entrepreneurial Society,”…
Trump/Carrier/Rexnord provide golden opportunity to build progressive movement
By Les Leopold “Donald Trump inadvertently has opened the door to building a massive national movement to stop the outsourcing of jobs to low wage countries. While 800 to 1000 jobs have been given a reprieve at Carrier, there are…
Thinking allowed: a selection of recent academic papers, and speeches
By Panos Asimakopoulos “If you thought executive pay was a problem, think again. It could be even worse than it looks. A working paper from the Institute for New Economic Thinking suggests that US executive pay is widely mismeasured by…
INET Research in a Year of Living Dangerously
By Thomas Ferguson “Perhaps the authorities in ’s-Hertogenbosch in the Netherlands were just lucky. Or maybe, just maybe, history really does proceed in spirals. In any case, as the infant New Year of 2016 crept in, the art museum in…
The Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities
By Institute for New Economic Thinking (INET) “In the United States since the last half of the 1980s the overriding goal of U.S. corporations has been to “maximize shareholder value,” with corporate performance measured by a company’s “total shareholder return”: percentage…
The Equal Employment Opportunity Omission
By Institute for New Economic Thinking (INET) “There was no assumption that the EEOC, on its own, could reverse deep-rooted employment discrimination against blacks. But in the late 1960s there was optimism that, in combination with equal educational opportunity and the…
