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.
Statistically speaking, the Detroit News should have been buried long ago. That it has been ranked Michigan’s best newspaper for three consecutive years and is preparing to revive a Sunday print edition qualifies as journalism’s version of a “man bites dog” story.
The mainstream media was gunning for Bari Weiss even before she ever took the reins at CBS News. This week, Weiss gave her critics a holiday gift that made their task remarkably easy.
If you were launching a transformational technology, would you cut marketing by $1 billion?
GM did.
The Washington Post’s decision to publish AI-generated podcasts despite internal warnings about errors reflects a broader shift underway in American journalism.
A cautionary tale about the perils of deferring to artificial intelligence instead of your own judgment.
Mary Barra last week blamed Joe Biden for GM’s EV mess.
The media gave her a free pass.
Again.