The Dumbest Idea In The World: Maximizing Shareholder Value – Forbes

“It isn’t just about the money for shareholders,” writes Martin, “or even the dubious CEO behavior that our theories encourage. It’s much bigger than that. Our theories of shareholder value maximization and stock-based compensation have the ability to destroy our economy and rot out the core of American capitalism.

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Source : Forbes

VW turns off out-of-hours email

“It’s bad for the individual worker’s performance being online and available 24-7. You do need downtime, you do need periods in which you can actually reflect on something without needing instantaneously to give a reaction,” said Will Hutton, chair of the Big Innovation Centre at The Work Foundation.

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Source : BBC

Wall Street’s Repeat Violations, Despite Repeated Promises

Many big Wall Street firms have settled fraud cases brought by the government with a promise to never violate the same law. But an analysis of Securities and Exchange Commission documents by The New York Times found that since 1996, there have been at least 51 repeat violations by those firms. Bank of America and Citigroup have each had six repeat violations, while Merrill Lynch and UBS have each had five.

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Source : NYTimes

US Businesses Not Being Strangled By Regulation And Taxation, World Bank Says

“Overall, however, the ease of doing business in the U.S. remained unchanged at No. 4 worldwide even as Washington complains that the regulatory and tax burden is making matters worse.”

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Source :Forbes

Why Ideas are Unprofitable

The U.S. Patent and Trademark office issues nearly 160,000 patents a year for everything from nanotechnology to jet-powered surfboards. Yet a mere 1 percent—just 1,600—reach the marketplace, according to the patent office. The dirty little secret about American ingenuity is that we’re terrible at translating original ideas into profit-producing businesses.

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Source : Business Week

A quick guide to the evidence on regulations and jobs

“We also examined studies of the “effects of particular regulations on particular industries. A surprising number of such studies actually show that regulations have a small positive net effect on employment; these include studies of environmental regulations on industries generating significant pollution”

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Source : EPI

Congress: Trading stock on inside information?

“Schweizer says he wanted to know why some congressmen and senators managed to accumulate significant wealth beyond their salaries, and proved particularly adept at buying and selling stocks. “

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Source :CBSnews