Veteran automotive journalist Phoebe Wall Howard recently uncovered the disheartening story of an experienced Ford factory electrician who was fired after being falsely accused of stealing a $1.95 cookie from the plant commissary. Howard’s reporting burst my bubble about Ford’s leadership and reaffirmed my dim view of the UAW.
Howard’s prodigious reporting deserves amplification.
You can’t make this stuff up! Ford CEO Jim Farley last October made headlines prognosticating that “artificial intelligence is going to replace literally half of all white-collar workers in the U.S.” He opined that “AI will leave a lot of white-collar people behind.” Given that Farley’s mistaken embrace of electric…
Rod Beer, a longtime reader of this blog and sometimes its fiercest critic, had gone silent on me these past few months. I missed hearing from him and feared that perhaps I had written one Mary Barra missive too many. Beer didn’t have an issue with my critical view of…
JPMorgan’s $4.25 million defeat over a $642.50 deli platter is understandably generating plenty of yuks on social media. Here’s why the award is no laughing matter and another indictment of Jamie Dimon’s leadership.
Why I hope Fidelity Investments is poised to clean Morgan Stanley’s clock.
Michael Schroeder was among the most decent people I encountered in journalism. He also changed my life.
A remembrance of the reporter and editor who gave me my career break at The Detroit News.
Although it couldn’t happen to a more deserving company, Texas Attorney General Ken Paxton’s disclosure that he’s investigating Lululemon for toxic “forever chemicals” smacks of performance politics.
Paxton’s press release briefly wiped out billions in Lululemon’s market value before any facts were established — violating the principle that even corporations are innocent until proven guilty.
If you’re looking for friends who will stick with you through thick and thin, Castlewood, a South Dakota town of about 700 residents, might be the answer to your prayers.
It’s a set of values America’s political and media elite don’t understand.
Ford CEO Jim Farley’s $27.5 million payday is an insult to Ford employees, investors, and U.S. taxpayers.
Here’s why the smartest people in the room right now aren’t the MBAs, quants, or AI evangelists—but two Oxford-trained philosophy majors who appreciated the risks in private credit before anyone else.
One is Eugene Ludwig, the former Comptroller of the Currency under President Clinton. The other is Stephen Diggle, a money manager whose firm made billions betting on the 2007–08 financial crisis.
More than a year ago, Ludwig warned private credit was a “ticking time bomb.” Diggle is now positioned to profit from the implosion of private credit and private equity.
Meanwhile, Wall Street Journal reporter Jonathan Weil—the first to question Enron’s accounting—is raising uncomfortable questions about private credit and private equity valuations.
This story isn’t getting nearly enough attention.