In 2021, Wall Street analysts spoke about EVs with near-messianic certainty. Four years later, the strategy is being unwound, billions have been written off, and the media has largely allowed those same voices to move on without explanation or accountability.
Alas, I’m not so charitable.
When a company’s stock price soars after a CEO retreats from her transformational vision and takes a $1.6 billion write-down linked to that strategy, it’s worth asking what’s actually being rewarded.
In a largely overlooked moment, President Trump and Sen. Elizabeth Warren recently began asking that same question about stock buybacks and corporate incentives. While both have pledged to do something about it, here’s why I wouldn’t hold my breath.
A private equity firm sold a company to itself, booked a gain, kept the fees — and, surprise, surprise, the company filed for bankruptcy this week.
That story doesn’t end with a portable toilet company. It leads to private credit, bank regulatory “workarounds,” and provides important context for an alarming report by former New York Times investigative reporter David Cay Johnston showing that the Fed is quietly propping up the banking system.
I’ve spent years criticizing Ford CEO Jim Farley. In recent days, I learned about a side of him that rarely shows up in corporate America.
If you were launching a transformational technology, would you cut marketing by $1 billion?
GM did.
Mary Barra last week blamed Joe Biden for GM’s EV mess.
The media gave her a free pass.
Again.
Struggling to pay rent or cover a $400 emergency? Don’t worry — America’s CEOs say the solution is simple: just buy their stocks.
New York City just elected avowed socialist Zohran Mamdani—cheered on by the UAW, a union whose senior leadership includes a member of the Democratic Socialists of America. New Yorkers should take a hard look at UAW President Shawn Fain’s leadership and the company he keeps.
GM CEO Mary Barra betrayed both California and Canada. Gov. Gavin Newsom publicly agrees — and if Canada’s globalist prime minister, Mark Carney, knew his own country’s history better, he would too.
The American workplace has become a theater of humiliation — just ask the employees of CBS News, The Wall Street Journal, Starbucks, Ford, and GM.
Their stories reveal what “leadership” looks like in corporate America today: detached, self-congratulatory, and utterly inhumane.