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Tag Archives | Financialization

How finance gutted manufacturing

By Susan Houseman (originally published by Boston Review) – Suzanne Berger makes a compelling case that manufacturing is crucial to innovation and the health of the U.S. economy, that the sector is in trouble, and that the financial system bears much of the blame. Official statistics actually point to a relatively healthy manufacturing sector: for […]

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The myth of maximizing shareholder value

By Yves Smith (originally published by Naked Capitalism) – Yves here. This is a subject near and dear to my heart. So many of the assertions made about “maximizing shareholder value” are false that they should be assumed to be a lie until proven otherwise. The first is that board and managements are somehow obligated […]

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Searching for a CEO: who will be Microsoft’s new leader?

By Thomas Clarke – Microsoft is hunting for a new CEO, and five months after Steve Ballmer agreed to retire, the search continues. There are some key reasons why potential CEOs being considered for the post may think twice about accepting the leadership of one of America’s top corporations. The immediate problem is the potential […]

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WSJ: Corporate share buybacks soar

By Dan Weil (originally published by Newsmax.com) – U.S. companies are buying back huge amounts of their own stock, and the ones executing the biggest buybacks are seeing their share prices rewarded handsomely. Companies in the Standard & Poor’s 500 Index purchased $128.2 billion of their own stock in the third quarter, according to S&P […]

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Time to put an end to the cult of shareholder value

By Eric Reguly (originally published by The Globe and Mail) – Paul Polman, the CEO of Unilever, thinks American-style capitalism is broken, and he blames, in good part, the cult of shareholder value that has been all the rage since the 1980s. Since taking the helm in 2009 of the Anglo-Dutch consumer products giant that […]

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iPhone 5s: Has Apple given up on innovation?

By Aditya Chakrabortty (originally published by The Guardian) – Last week, Apple’s CEO Tim Cook launched two new iPhones that aren’t especially new. One is plastic (or “beautifully, unapologetically plastic”, in Apple-speak) and comes in five colours, which you can admire for a minute before popping it into its case for all eternity. At £549 a […]

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Apple is sacrificing innovation on the altar of shareholder value

By Eric Reguly (originally published by The Globe and Mail) – When Apple Inc. CEO and co-founder Steve Jobs died in 2011, every Apple investor, supplier and customer had the same question: Would the creative energy that turned Apple into the most successful technology company die with him?… [Cross-posted from The Globe and Mail publication of […]

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6 reasons your Apple product has become very uncool

By Lynn Stuart Parramore (originally published by AlterNet.org) – It’s hard to identify the moment when a company once beloved by trendsetters becomes uncool. Sometimes the firm gets too big for its britches and starts pissing off its customers. Others times the hipsters who first embraced the products grow too long in the tooth to […]

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