July 22, 2012 |
Despite what the debt and deficit hawks would have you believe, we can't cut our way back to prosperity. No large economy has ever recovered from serious recession through austerity. But there is another factor holding our economy back: inequality. Any solution to today's problems requires addressing the economy's underlying weakness: a deficiency in aggregate demand. Firms won't invest if there is no demand for their products. And one of the key reasons for lack of demand is America's level of inequality - the highest in the advanced countries.
March 20, 2002 |
The New York Stock Exchange and Nasdaq Stock Market should consider prohibiting corporations from donating money to institutions that have ties to corporate audit committee members, a top Securities and Exchange Commission official said. SEC Chief Accountant Robert Herdman said that, in the wake of Enron Corp.'s collapse, regulators for the two leading U.S. markets also should weigh a proposal to stop audit board members from doing consulting work for companies they oversee.
February 6, 2008 |
Billionaire investor Carl Icahn said Tuesday that he was starting a blog to discuss ideas on corporate governance, an area in which he has strong opinions. "This country is losing its economic hegemony," Icahn said at a corporate governance conference in New York. "I want to see who is interested in this. I really think there's a lot to do." The blog, whose address is icahnreport.com, will be a forum where readers can respond or present ideas and Icahn will respond.
September 22, 2003 |
Matthew Whitley wanted to work for Coca-Cola Co. so much that he submitted his resume 15 times. After being hired, the auditor and finance manager drank nothing but water and Coke and decorated a room in his house with company trinkets. Eleven years later, Whitley is drinking only water. His wife sold the Coke plates, glasses and memorabilia at a garage sale.
March 19, 1996 |
CalPERS Moves Activism Overseas: The investment board of the nation's largest public pension fund approved a plan for a so-called corporate-governance program in Japan, Britain, France and Germany, where the fund has almost 62% of its international investments.
July 8, 2002
* Today, Senate takes up accounting reform bill. Brookings Institution and American Enterprise Institute hold conference on corporate disclosure. * Tuesday, President Bush goes to Wall Street to address business leaders on corporate reform. Senate Judiciary subcommittee holds hearings on identity theft. .* Wednesday, Treasury Secretary Paul H. O'Neill addresses U.S. Chamber of Commerce on the economy, investor confidence and corporate governance issues.