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 -
How Powerful Is Productivity?
TCS interviews Former Carter Staffer (and Democrat) William Lewis, who makes some interesting remarks about worker productivity: There were many disparaging comments made in the US and maybe even stronger abroad, (and especially in Japan) about how the US labor force was getting what it deserved because it was lazy, uneducated and maybe even dumb. And of course, the Japanese then showed -- the really capable, competent Japanese manufacturing companies -- showed that was wrong by coming here, building their own factories, managing American labor and taking a lot of other local inputs and coming within five percent of reproducing their home country productivity.
posted by Kwantsar
on Jun 20, 2005 -
Are Corporations Legally Persons? Orthodoxy has it the Supreme Court decided in 1886, in a case called Santa Clara County v. the Southern Pacific Railroad, that corporations were indeed legal persons. I express that view myself, in a recent book. So do many others. So do many law schools. We are all wrong.
Mr. Hartmann undertook instead a conscientious search. He finally found the contemporary casebook, published in 1886, blew the dust away, and read Santa Clara County in the original, so to speak. Nowhere in the formal, written decision of the Court did he find corporate personhood mentioned. Not a word. The Supreme Court did NOT establish corporate personhood in Santa Clara County.
Pardon me while I go to the bookstore. This looks to be a book well worth reading. Imagine the US government controlled by the best interests of real people instead of corporations.
posted by nofundy
on Dec 27, 2002 -
Iraq Advice-Givers Have Business Ties
This interesting information. I've done a lot of research on these folks and knew of many of these business ties already. But I doubt the general public has put them together. Yet considering how this information affects the slant of the many "printed statements" and "op-ed" pieces by Baker
et, al...why haven't any of the shrill talking heads on cable news revealed this?
posted by bas67
on Sep 2, 2002 -
J.K. Galbraith shocked at scale of corporate failures.
"I can only say I hadn't expected to see this problem on anything like the magnitude of the last few months – the separation of ownership from management, the monopolisation of control by irresponsible personal money-makers." Myself and chrispy
came to the same conclusion on the drive home from the resolutely un- (rather than anti-) corporate Glastonbury Festival
today. Profit is valued and rewarded by the vast majority of corporations above all else. As a consquence, people with the same values dominate executive positions, to the exclusion of those with more 'humanitarian' or longer-term outlooks. Where is the balance? Should we make hippie non-exec directors compulsory? Or should I just go back to bed and let the drugs wear off???
posted by barnsoir
on Jul 1, 2002 -
"To compile The Top 100 Corporate Criminals of the 1990s,
we used the most narrow and conservative of definitions -- corporations that have pled guilty or no contest to crimes and have been criminally fined." Just brimming with fascinating business lore, including "The FBI estimates that 19,000 Americans are murdered every year. Compare this to the 56,000 Americans who die every year on the job or from occupational diseases such as black lung and asbestosis and the tens of thousands of other Americans who fall victim to the silent violence of pollution, contaminated foods, hazardous consumer
posted by fold_and_mutilate
on May 31, 2002 -
One Year After Seattle
-- "A year has passed since the World Trade Organization's "Millennium Round" collapsed under clouds of tear gas in Seattle," writes Mark Weisbrot
, in this useful overview of what was -- and is -- at stake. "The debate over globalization has been altered, perhaps permanently, to include some of the concerns of civil society: poverty and inequality, economic instability, and the environmental costs of globalization...."
posted by johnb
on Nov 30, 2000 -
The world's oldest corporation, the Hudson's Bay Company
, has a great introduction to its three-hundred seventy years of history on the site. Once hailed as the largest colonial power other than Russia, England, and the U.S., the Bay has generally left furs and is now the Sears of Canada.
posted by tdecius
on Oct 11, 1999 -