Politics

BUsinessman stealing metal safe from bank

CEOs and the $4.8T Looting of Corporate America

Corporate America has spent more than $4.8 trillion buying back its own stock since 2018.
CEOs say buybacks signal confidence because they believe their companies’ shares are undervalued.
Then why are so many executives selling their own stock while their companies are buying it?

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Plainfield - October 1, 2023: Ford Mach-E Mustang SUV display. Ford offers the Mach-E in Select, Premium, or GT models.

The Marketing Tragedy of Ford’s Mustang Mach-E

Ford’s Mexican-made Mustang Mach-E has muscled its way big time onto the roads of my west Los Angeles neighborhood. For years I rarely saw the vehicle, which first went on sale in December 2020, but these days they’re everywhere, in some pretty sweet color schemes, I must add. I saw…

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Rows of new, advanced military tanks are leaving the production line in a brightly lit, modern factory, showing the strength and readiness of the armored vehicles

Munitions Mary and GM’s Weapons of War

GM CEO Mary Barra’s ability to reinvent herself rivals that of a career politician switching platforms on the campaign trail. First there was “No More Crappy Cars Mary,” a promise she made on CNBC when she oversaw the automaker’s new product development. Then there was “Mechanic Mary,” a moniker she…

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Lansing, Michigan, USA at the Michigan State Capitol during the evening.

Jocelyn Benson: Michigan’s Counterfeit Populist

Michigan is a national tragedy. The state’s household income has plummeted to 40th in the nation from 16th and now sits 13% below the national average. Six out of every 10 jobs fail to pay what is generally considered a middle-class wage. Unless the trend is reversed, Michigan is on…

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A vibrant platter showcases an assortment of cured meats, fresh greens, and decorative fruits. Guests enjoy the delightful spread at a cheerful social event, sharing laughter and conversation.

A Deli Platter and Jamie Dimon’s Quality of Mercy

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.

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Drive a car and use smartphone. Reading messages holding a cell phone while driving. Transportation and new automotive technology concept. Infotainment, navigation, multimedia communication device

GM’s $12.8M Love Tap for Spying on Californians

GM CEO Mary Barra has previously raved that California is home to the best technologists. Here’s another reason she’s come to appreciate The Golden State.

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WASHINGTON DC - CIRCA JUNE 2009: Pentagon memorial circa June 2009 in Washington DC, USA. Permanent outdoor memorial to people killed in building and in Flight 77 in the September 11, 2001 attacks.

Trump’s National Security War on Organized Labor

The Trump administration is using national security concerns to reshape organized labor, with the UAW especially vulnerable. The implications extend well beyond the controversial auto and student workers union.

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Lost Creek Trail Area. Red Rock Canyon National Conservation Area. Nevada. USA

Lululemon and Ken Paxton’s Frontier Justice

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.

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Statue of Liberty on Liberty Island, New York

Life, Liberty and the Pursuit of Third-Party Repair

Here’s why Deere’s $99 million class action settlement with farmers could become GM CEO Mary Barra’s next major problem after misjudging American demand for electric vehicles.

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