Posts filed under “Crony Capitalists”

Contextualizing Bank Fines

click for larger version
bankfines
Source: BV, FT

 

This morning we discussed the danger that arises from merely fining banks instead of prosecuting them for violating laws.

Since the news cycle is focusing on the potential multibillion-dollar fines for BNP Paribas SA and Bank of America Corp., let’s have a look at the amount of those potential fines in some context: Continues here

 

 

Category: Bailouts, Credit, Crony Capitalists, Legal

Jefferson on Corporatocracy

Source: The Cagle Post

Category: Crony Capitalists, Digital Media, Politics, Really, really bad calls

Its Great to be the CEO Running a Huge Criminal Bank

Every day brings multiple new scandals.  At least they used to be scandals.  Now they’re simply news items strained of ethical content by business journalists who see no evil, hear no evil, and speak not about evil.  The Wall Street Journal, our principal U.S. financial journal ran two such stories today.  The first story deals…Read More

Category: Bailouts, Corporate Management, Crony Capitalists, Legal, Think Tank

“Outrageous & Piggish” CEO Compensation

CEO pay: ‘Unbelievably piggish and outrageous,’ no matter how you slice it

Autoplay video after the jump
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Category: Corporate Management, Crony Capitalists, Video, Wages & Income

Sorry Banks, Millennials Hate You

Source: FastCo

Category: Bailouts, Credit, Crony Capitalists, Sentiment

The Shadow Lobbying Complex

click for ginormous graphic Source: The Nation

Category: Crony Capitalists, Digital Media, Politics, Really, really bad calls

Debt Ceiling Debacle Has Already Damaged the U.S.

Dysfunction Is Limiting U.S. Position Abroad, Observers Say; ‘Sadness From Our Trading Partners’ click for ginormous graphic Source: WSJ     Here is the problem with using the debt ceiling as a negotiating tactic: It does permanent, long lasting damage to the reputation of the US, and hastens the day when the US Dollar is…Read More

Category: Credit, Crony Capitalists, Digital Media, Really, really bad calls

40% of Highest Paid CEOs Were Bailed Out, Booted, or Busted

Nearly 40% of CEOs on the highest-paid lists from the past 20 years were either bailed out, booted, or busted:

 

Click to enlarge
Graphic
Source: Executive Excess 2013

 

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Category: Corporate Management, Crony Capitalists

Is McKinsey to Blame for Skyrocketing CEO Pay?

In 2011, I posed the question “Is McKinsey & Co. the Root of All Evil ?” This was not a tongue-in-cheek query, but rather, a look at how so many recent disasters traced their origins back to McKinsey & Co. Which brings us to the latest issue negatively affecting the United States, skyrocketing CEO pay…Read More

Category: Crony Capitalists, Philosophy, Really, really bad calls, Wages & Income

The Daily Show on Goldman Sachs’ Aluminum Manipulation

Hilarious:

Goldman Sachs bets on the future price of aluminum while simultaneously goosing the future price of aluminum by creating a supply bottleneck in its aluminum warehouse.

John Oliver’s Arcane Details of Boron-Group Metals Pricing Update

(05:13)

Category: Commodities, Crony Capitalists, Federal Reserve, Video