This shift in how companies are governed and raise money is bringing with it a structural change in American capitalism. That should be a matter of great debate. Are these new businesses, with their ability to circumvent rules that apply to conventional public companies, merely adroit exploiters of loopholes for the benefit of a plutocratic few? Or do they reflect the adaptability on which America’s vitality has always been based?
- Rise of the distorporation
- how changes in the way companies are financed and managed is changing the wealth distribution of America.
posted by Artw
on Nov 2, 2013 -
Payday lenders target the working poor with quick loans at exorbitant interest rates. When a ballot initiative drive in Missouri threatened this lucrative business, the payday lenders fought back with everything they had
--their money. A ProPublica report
, published yesterday in the St. Louis Post-Dispatch documents the web of secret donations and intimidation that smothered the reform movement.
posted by Horace Rumpole
on Aug 3, 2013 -
Plagued by the realities threatening many retail stores, Sears also faces a unique problem (alternate link): [CEO Eddie] Lampert. Lampert runs Sears like a hedge fund portfolio, with dozens of autonomous businesses competing for his attention and money. An outspoken advocate of free-market economics and fan of the novelist Ayn Rand, he created the model because he expected the invisible hand of the market to drive better results. If the company’s leaders were told to act selfishly, he argued, they would run their divisions in a rational manner, boosting overall performance.
posted by Horace Rumpole
on Jul 12, 2013 -
The current system of corporate governance is bunk. Capitalist corporations are on the way to certain extinction. Replete with hierarchies that are exceedingly wasteful of human talent and energies, intertwined with toxic finance, co-dependent with political structures that are losing democratic legitimacy fast, a form of post-capitalist, decentralised corporation will, sooner or later, emerge.
An analysis of the management and organizational style of Valve Software
posted by barnacles
on Aug 5, 2012 -
Our planet is inhabited by two distinct kinds
of intelligent beings — individual humans and corporate
entities — whose natures and interests are intimately
linked. To co-exist well, we need to ﬁnd ways to deﬁne
the rights and responsibilities of both individual humans
and corporate entities, and to ﬁnd ways to ensure that
corporate entities behave as responsible members of society. (SLAX)
posted by AElfwine Evenstar
on May 13, 2012 -
In 2010, the top 500 U.S. corporations
- the Fortune 500 – generated $10.7 trillion in sales, reaped a whopping $702 billion in profits, and employed 24.9 million people around the globe. Historically, when these corporations have invested in the productive capabilities of their American employees, we’ve had lots of well-paid and stable jobs.
That was the case a half century ago.
posted by marienbad
on Apr 3, 2012 -
“On the face of it, shareholder value is the dumbest idea in the world” — Jack Welch, 2009. As GE’s CEO in the 80s, however, Welch championed corporate focus on shareholder returns. “Converts to the creed”, the Economist summarizes
, “had little time for other ‘stakeholders’: customers, employees, suppliers, society at large and so forth.” What went wrong? Steve Denning describes how such a stance is counterproductive
, creates turmoil in capitalism and fosters an environment in which “CEOs and their top managers have massive incentives to focus most of their attentions on the expectations market, rather than the real job of running the company producing real products and services.”
posted by the mad poster!
on Dec 27, 2011 -
"You're going nowhere, son. Just you, me ad the walls. So wipe that bloody grin off before it's shot off, and don't slouch. You toe rag. You
bin. Pay attention when I break you. And break you I will, boy. You're in my manor, now."
Buck up! It's Terry Finch's THE REPRISALIZER!
Follow Bob Shuter
, whose mission of reprisal against his brother's killers, their families, associates, progeny and property takes him across the desolate wasteland of 70s Britain, primarily Kent AKA FINCHLAND
. Finch, writer of The Reprisalizer and DRAW!
, the cowboy whose name means death, is soon to be the subject of a major motion picture
from Matthew Holness, creator of Garth Marenghi's Darkplace
posted by Artw
on Dec 13, 2011 -
is a wiki site set up by The Center for Media and Democracy which posts and chronicles leaked documents including more than 800 model bills drafted and approved by corporations during ALEC meetings. The documents have been analyzed and marked-up
for clarity. Journalists along with the general public are invited to download the documents and sift through
in order to help map the connections back to their own state legislation and legislators. [more inside]
posted by stagewhisper
on Jul 14, 2011 -
We have explained that the matching funds provision substantially burdens the speech of privately financed candidates and independent groups. ... We have explained that those burdens cannot be justified by a desire to “level the playing field.”
In a 5-4 decision, the U.S. Supreme Court has struck down
an Arizona law that provided public funds to candidates who have been outspent by either private funding or independent spending. Link to PDF of full decision. [more inside]
posted by gerryblog
on Jun 27, 2011 -
One year after the Citizens United v. Federal Election Commission
decision, which, overturning over 100 years of precedent, opened a floodgate of corporate money into election campaigns, Virginia Lyons (D-VT), has introduced legislation
(full text of bill not yet available, articles here
) in the Vermont State Senate to amend the United States Constitution to explicitly state that corporations are not
This would overturn the controversial notion of corporate personhood
which was established in the 1800s. Controversial not only for the unequal distribution of rights and responsibilities among humans and corporations, some, like Thom Hartmann
), have claimed that the notion of corporate personhood was established as an intentional misinterpretation
of the decision as recorded by court reporter J.C. Bancroft Davis, former president of the Newburgh & New York Railway Co. [more inside]
posted by laminarial
on Jan 24, 2011 -
Right Wing astroturfing
A non-scientific analysis of the patterns in forum board discussions on a variety of topics. The gist: discussions of issues in which there's money at stake (like climate change
, public health
and corporate tax
avoidance) are often characterised by amazing levels of abuse and disruption by rightwing libertarians who are pro-corporate, anti-tax, anti-regulation. Discussions of issues in which there's little money at stake tend to be a lot more civilised than debates about issues where companies stand to lose or gain billions.
posted by novenator
on Dec 20, 2010 -
The latest attempt to mitigate the impact of the Citizens United
decision has failed, with an attempt to pass transparency rules for corporations funding political advertising failing to reach cloture
. Obama comments on this vote in his most recent weekly address
Citizens United v Federal Election Commission
(2010) held that corporate funding of independent political broadcasts in candidate elections cannot be limited under the First Amendment. [more inside]
posted by lucien_reeve
on Sep 24, 2010 -
Merchants of Doubt
is a new book that reports how a small group of scientists committed to an extreme free-market ideology have been employed by large corporations over several decades to cast doubt on such different environmental issues as the risks of tobacco smoke, the dangers of DDT, the effectiveness of the Strategic Defence Initiative, the regulation of CFCs, and the causes of global warming. A review
in the Christian Science Monitor calls this "one of the most important books of the year. Exhaustively researched and documented..."
posted by binturong
on Jul 12, 2010 -
The NYT reports
that GE has brokered a deal between MSNBC and Fox News to "reconcile" Keith Olbermann and Bill O'Reilly, preventing further criticism of each other or GE. The deal went into effect June 1, the very same day Olbermann declared he was "quarantining" Fox
, avoiding discussion of the channel in the future. Mr. Olbermann, who is on vacation, said by e-mail message, “I am party to no deal.” Glenn Greenwald breaks down the political consequences
of the deal.
posted by mek
on Aug 1, 2009 -
is a corporate collective comprised of the nations most innovative and forward thinking businesses, known internally as Affiliates. Our primary objective is to sell a long overdue revolution to the American public through an innovative branding and advertising campaign which will benefit today’s large corporations, the American economy and the consumer alike.
posted by streetdreams
on Sep 16, 2008 -
: whether it's Wendy's, Applebee's, the local diner, a fancy restaurant, the cafeteria, or Guantanamo Bay, it's what you eat
. Serving over 400,000 businesses
, the "Wal-Mart of Food Service"
has all the bases covered, from "Unique 3-D technology gives you the look and texture of a solid muscle chicken breast, at a fraction of the cost"
to more gourmet offerings
posted by TheOnlyCoolTim
on Jul 30, 2008 -