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Stout's goal is to shred the theoretical, empirical and ideological arguments that have made what she calls 'shareholder primacy' and what's popularly known as shareholder value the dominant and animating idea in corporate governance. Continue reading
Given the protracted nature of this crisis, a numbing quality to the punditry has set in. Those (mainly in Europe or with an interest in the Old World) who have long written about this sound punch drunk and depressed. Those who haven't (mostly Americans) can't quite figure out what the problem is. Continue reading
Newsmagazine essays like Meacham's in Time are not meant to be carefully read, pondered or deconstructed; they're to be inhaled, like the smoke from a barbecue or a bong. Continue reading
Is there any way to justify the endless accumulation of wealth? How should we live if we didn't need to make a buck? Continue reading
The world Conard leaves us to contemplate -- a world of birth, material accumulation and death -- is chilling in its meaninglessness. Continue reading
'The Idea Factory: Bell Labs and the Great Age of American Innovation' is not an institutional history in the academic sense; rather, it's an attempt to see a once-pre-eminent institution through the lives of some of its most noteworthy employees. Continue reading
Recently, pundits with a statistical bent and a penchant for the abyss engaged in a parlor game that might go by the name of "Quantifying the Apocalypse." This game regularly occurs at financial firms, albeit in private. But The Economist's... Continue reading
David Graeber, the anarchist, anthropologist, author, academic and architect (well, one of them) of Occupy Wall Street, has written an essay on a subject closer to the right than to the left: technological stagnation. Continue reading
In the Financial Times, University of Chicago Booth School of Business professor Luigi Zingales confesses that he has changed his mind about Glass-Steagall. Here's why he shouldn't have. Continue reading
We look back at a much-cited law review paper from 2000 declaring victory in the battle over governance models. Is the normative ideal eternal? Continue reading
Henry Kaufman, Dr. Gloom from a distant age when Salomon Brothers was still King of Wall Street, penned an op-ed in The Wall Street Journal declaring that, sooner or later, the era of monstrous, too-big-to-fail banks will end. Continue reading
The public editor of The New York Times waded into the swamp of the Facebook initial public offering this weekend and emerged looking soggy. Continue reading
How many times does business and financial journalism need to be reinvented? That's Friday's end-of-the-week cud-chewing question, stirred up by a visit to Atlantic Media's under-construction business website, dubbed Quartz. Continue reading
