"There will be a time for [Wall Street executives] to make profits and there will be a time for them to get bonuses. Now is not that time." So said President Obama on January 29 to reporters (source: "The Kudlow Report," CNBC). So we receive President Obama's...
Capitalism–even semi- capitalism–punishes the wasteful expenditure of funds on anything, including on executive salaries.
The article below was originally published on the website of The Intellectual Activist on April 17, 2001 shortly before an impending writers strike that was averted near the eleventh hour. Now, six years later, the Writers Guild of America (WGA) is again threatening...
It is a minority of “activist” shareholders–together with anti-business politicians–who are shrieking about “outrageous” CEO pay packages.
Remember the governments case against Microsoft? Well now Toyota has made the cardinal sin of succeeding too much in business and it appears it will meet with a similar fate.
Labor unions do not even know how to raise real wages. All they are concerned with is raising the money wages and protecting the jobs of the members of their particular union.
What the UAW has done, on the foundation of coercive, interventionist labor legislation, is bring a once-great company to its knees.
Sarbanes-Oxley is a moral and economic atrocity. It is past time to repeal this monstrous law and start treating businessmen as American citizens: innocent until proven otherwise.
Where the closed shop unions hold sway, companies cannot compete. Their market share falls and they ultimately go bankrupt. The only way that coercive unions can maintain any given share of the labor force is by finding new victims to replace the ones they have sucked dry.
Acts of dishonesty and fraud have no more essential connection to business activity than they do to the practice of medicine or the performance of music or to any of the arts or sciences.
Labor’s opposition to productivity improvements goes back at least to the early nineteenth-century Luddites.
Just as they’ve blurred the distinction between legal tax avoidance and illegal tax evasion, OECD officials have tried to blur the distinction between money-laundering and tax havens — even though the latter involves moving illegally-gained money above-ground, from the “underground economy” while tax avoidance involves legally moving legally-made money to jurisdictions with the lowest tax rates.
"There is no capitalism without conscience. There is no wealth without character," President Bush told Wall Street yesterday. True. But if business owners are not smart enough to see that it's in their own economic self-interest to be honest with their employees and...
Many Objectivists read the book American Steel about Ken Iverson's amazing corporate leadership in developing new technology for steel producers when Big Steel was floundering under old ideas and crippling unions. Dr. Edwin Locke also made many mentions of him, as...
The attacks against deregulation of the California power industry by the enemies of capitalism are attacks against a straw man. Deregulation means that government removes onerous regulations that violate the rights of producers and consumers to trade freely (markets...
Strikers must, however, recognize that employers possess options as well. An employer may refuse the pay hike, lock the workers out, and/or seek replacement workers.
Microsoft did not gain its market share by having the government outlaw its competitors: Microsoft earned its position in the free-market as the result of freedom of competition. Microsoft is not a predator; Microsoft is the victim.
Fischel’s thesis is that Milken was a financial genius who fell victim to envy and became the scapegoat for economic disasters caused by the government.
The grassroots petition ended up receiving over 30,000 online signatures as part of an initiative launched by Mark Da Cunha for the Moral Defense of Microsoft.
Soros seems prepared to apply the same collectivist moral-political principle for abridging the freedom of the individual as the Nazis.
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