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"Pay their fair share of taxes" Biden asks of corporations showing 2017 predecessor tax cuts did not increase investment and added $100 billion yearly to the US Deficit
03/08/2024
By paying their fair share of taxes Biden says in State of Union speech to US Congress 2024 one can increase investment in education, affordable childcare and better living for seniors in their homes, and still cut the deficit by hundreds of billions of dollars. What is fair share? Certainly not zero percent that 55 of the largest corporations paid on $40 billion in profits in 2020, and corporate minimum tax was introduced at levels of 15% for which most ordinary Americans are not eligible for. And certainly not 8.2% that Biden said was being paid by 1000 billionaires in the US. Not a single penny more is being asked of hard working Americans earning less than $400,000 a year. Biden said he wanted to see the corporate minimum tax at 21% not 15%, and the top corporate tax rate set at 28% not the 21% that it was reduced to in 2017 from 35%. In short his predecessor turned to help companies and billionaires profit from the popular distress of the shipping of jobs overseas and the 2009 financial crisis caused by Bank executives without investing the nation's capital resources in manufacturing at home in scale to match and exceed China's. And at the same time neglecting to do anything about the concerns of the people for ease of living- affordable access to childcare, preschool education, education, health care to match Europe/China/India in quality and cost, and aging transportation infrastructure of airports, subways, roads and bridges. The savings when this is done properly go to cut the deficit by over 4 trillion dollars and keep America as the leader of all G-20 economies.
Linked Articles
Biden Draws Sharp Contrast With Trump in State of the Union
WSJ 03/07/2024
Biden Pushes More Corporate-Tax Hikes to Draw Contrast With TrumpWSJ 03/07/2024
US president Biden's 2021 executive order against anti-competitive behaviour
07/11/2021
Linked Articles
Biden Takes Aim at Corporate Consolidation, Big-Business Tactics
WSJ 07/09/2021
Antitrust’s New Mission: Preserving Democracy, Not EfficiencyWSJ 07/07/2021
The moderating influence of business executives Gary Cohn, Wilbur Ross and Muilenburg on president Trump- change in policy on NAFTA, Mexico, China and Export Import Bank
04/14/2017
Business executives help moderate the campaign positions taken by Donald Trump during the first 100 days of his presidency, putting him closer to the traditional view on China, Mexico, NATO and Russia.
Linked Articles
Donald Trump’s Recent Policy Reversals Reflect Business Influence
WSJ 04/14/2017
Within Trump’s inner circle, a moderate voice captures the president’s earWashington Post 04/14/2017
Donald Trump's economic advisory team- executives from the finance industry and the real estate industry with strong connections to Wall Street
08/05/2016
Linked Articles
Trump Announces Economic Policy Advisory Team
WSJ 08/05/2016
Donald Trump’s new team of billionaire advisers could threaten his populist messageWashington Post 08/05/2016
The failed turnaround at Yahoo as it looks for a buyer in 2016
12/03/2015
Linked Articles
Yahoo: Be Careful Playing in Traffic
Wall Street Journal 12/07/2015
This is the one thing that could end Yahoo as we know it - The Washington PostWashington Post 12/03/2015
Banking culture issues- the suicides of Broeksmit, senior executive at Deutsche Bank, following federal German investigations, and of Wauthier, CFO at Zurich Insurance following difficult interactions with former Deutsche Bank executive
09/04/2013
Questions about cultural issues in banking raised by the two suicides, and the culture at Deutsche bank.
Linked Articles
Friction at Zurich Built in Months Before Suicide
Wall Street Journal 09/04/2013
Executive Who Committed Suicide Anxious Amid Deutsche Bank ProbesWall Street Journal 03/26/2014
Executing with small teams - the ideas and practice of Amazon's Jeff Bezos, Kayak's Paul English
07/25/2013
The management style of using small teams to get things done quickly at Amazon and Kayak.
Linked Articles
Paul English of Kayak, on Nurturing New Ideas
New York Times 07/25/2013
Jeff Bezos, The Post’s incoming owner, known for a demanding management style at Amazon - The Washington PostWashington Post 08/08/2013
Kazuo Inamori's turnaround of Japan Airlines (JAL)
07/30/2012
Kazuo Inamori founded Kyocera and is considered one of Japan's leading corporate leaders along with such names as Sony's Akio Morita, and Honda's Soichiro Honda. At age 77, Inamori took up the task of revitalizing Japan Airlines and turning around the airline after huge losses. The story of how he managed to accomplish this using his unique management philosophy, cost management, JAL's strategies, and employee efforts.
Linked Articles
Japan Airlines Roars Back With an Eye on U.S. Market
Wall Street Journal 07/30/2012
‘Mikoshi’ Management: How Kazuo Inamori Lifted Japan AirlinesWall Street Journal 07/30/2012
Meg Whitman's plan to turnaround HP
05/17/2012
Linked Articles
Defending H-P in Age of Tablets
Wall Street Journal 06/06/2012
Hewlett-Packard to Cut About 30,000 JobsNew York Times 05/17/2012
BP stays in the Gulf after the Gulf Oil Spill
03/03/2012
BP executives say BP plans to invest $4 billion each year in oil exploration in the Gulf of Mexico for the next decade, 2012-20122. Investments will be made in safety for deep water drilling.
Linked Articles
BP Expects to Spend $4 Billion a Year in Gulf
Wall Street Journal 04/30/2012
BP, plaintiffs reach Gulf of Mexico oil spill settlement - The Washington PostWashington Post 03/03/2012
Why at the heart of the Volcker Rule for bank regulation, according to Mr. Volcker, is the idea of CEO attestation
10/28/2010
Volcker's advice about writing the rule was to keep it broad so that it limited the room for evasion. Volcker advised regulators to remember what Supreme Court Justice Potter Stewart said about pornography -"I know it when I see it." Treasury Secretary Lew pointed to the responsibility of the top executive to "set the right tone," for the whole organization.
Linked Articles
Volcker Rule to Require CEOs Guarantee Compliance
Wall Street Journal 12/06/2013
Volcker on His 'Rule'— Keep It BroadWall Street Journal 10/28/2010
Bogle at Vanguard Group says we live in an agency society where agents like pension fund managers and mutual fund managers make decisions for us.
04/12/2009
Its this agency society and not an ownership society that we have syas Bogle. Ownership society was 50 years ago. And what did these agents do, they did not ask the questions and exercize their civic obligations in the business sense, which means scrutiny for things like selection of board members, corporate governance, executive compensation and conflicts of interest, and dilution of responsibility where it has to be exercized. Here private equity firm Carlyle Group is shown to have given millions of dollars to get access to New York State pension fund investments in Carlyle Group. In the process pension fund managers made millions of dollars, and Bogle's agents have sold their obligations to fiduciary responsibility.
Linked Articles
He Doesn’t Let Money Managers Off the Hook
New York Times 04/12/2009
N.Y. Pension Deals Seen as Focus of Wide InquiryNew York Times 04/14/2009
Tom Walsh asks President elect Obama to appoint a really good car czar.
12/20/2008
Pessimism about the ability of the UAW, Cerberus and GM executives to reverse the downward trend from Tom Walsh of the Detroit Free Press.
Linked Articles
Someone needs to watch over changes at the Detroit Three
Detroit Free Press 12/21/2008
Commentary: Forging new path will be rough road for Detroit automakersDetroit News 12/20/2008
A parting of ways with Mr. Trump- Mr. Trump's Attorney General Barr followed by VP Mike Pence and now Joint Chief chairman Gen. Milley
09/30/2023
All three of the senior most members of Trump's administration make a parting of ways with Mr. Trump when it comes to the Constitution of the United States of America, free and fair elections, the separation of powers between Congress the Executive branch and the Judiciary, and the smooth transfer of power every four years to a newly elected government, with all 435 members of Congress elected every 2 years, checks and balances put in place by the framers of the US Constitution including Jefferson and Madison to protect Democratic form of government enshrined in the words "We the People.."
Linked Articles
Gen. Mark Milley Warns of Fealty to Dictators, in Exit Speech Aimed at Trump
WSJ 09/29/2023
Opinion | General Milley and the ‘Wannabe Dictator’WSJ 09/29/2023
Carlos Ghosn and Nissan discontent in Japan- the failing Renault-Nissan alliance
12/18/2018
Renault-Nissan's failure to invest in Japan and the lack of interest in Nissan under Ghosn added to worries in Japan about the compensation of Ghosn being larger than all nine top executives of Nissan combined. A deep sense of affront was felt in Japan as one executive put it -"where is the transparency and where is the frugality." This special report by WSJ shows how the ego based executive which is not typical of Japan failed Nissan. It also shows why this type of management is not healthy for companies or the employees and all stakeholders. Its hard driving nature with unhealthy lifestyles is also becoming unpopular today.
Linked Articles
The Fall of the House of Ghosn
WSJ 12/16/2018
Ghosn’s U.S. Push Irked Nissan ExecutivesWSJ 12/18/2018
The Trump executive order on coal and the continuing shift to natural gas because of market forces
03/28/2017
Linked Articles
Despite Trump Move on Climate Change, Utilities’ Shift From Coal Is Set to Continue
WSJ 03/28/2017
Trump moves to dismantle Obama's climate legacy with executive orderThe Guardian 03/28/2017
Rules for bonuses and executive pay in the UK, U.S. and EU for banks and financial institutions in 2015-2016- restoring trust and ensuring soundesss of banks
04/22/2016
Linked Articles
New Rules Curbing Wall Street Pay Proposed
Wall Street Journal 04/22/2016
New Rules Curbing Wall Street Pay ProposedWall Street Journal 04/22/2016
The Hong Kong legislature votes 28-8 to reject the Beijing election plan with 34 walking out- staying with the current system where a Chief Executive is elected from 1200 business and political leaders
09/29/2014
The current system actually may offer more choice of candidates as it provides for a Chief Executive to be elected from 1200 business and poltiical leaders from Hong Kong, compared to the Beijing plan to have a pro-Beijing committee vetting candidates. This realization led to the historic vote in the legislature after the failure to convince the government led by Xi Jinping to allow free choice of candidates.
Linked Articles
Hong Kong Votes Down Beijing-Backed Election Plan
Wall Street Journal 06/18/2015
Protests in Hong Kong Have Roots in China’s ‘Two Systems’New York Times 09/29/2014
Emilio Lozoya, new CEO of Petroleos Mexicanos (Pemex), and one of the toughest jobs in the business world
08/18/2013
The challenges facing Lozoya at Pemex and the execution following the new oil law that could promise a brighter future for Mexico.
Linked Articles
Mexico's Pemex Looks to Tap U.S. Shale
Wall Street Journal 08/18/2013
Pemex CEO: Mexican Energy Overhaul Opens OpportunityWall Street Journal 12/14/2013
Mitt Romney's turnaround takes him from the cautious Romney back to the spontaniety and boldness of "Dad"
10/10/2012
Mitt Romney and dad George Romney, three term governor of the U.S. state of Michigan. George Romney was known for his boldness in going over the fence to talk directly with UAW union workers.
Linked Articles
Wall Street Journal 11/01/2012
Lessons From a Father's CampaignWall Street Journal 10/10/2012
Hong Kong's new chief executive Leung Chun-Ying and the mood in Hong Kong
05/25/2012
Linked Articles
Hong Kong's New Leader Is Sworn In
Wall Street Journal 07/01/2012
Hong Kong's New Leader Seeks GrowthWall Street Journal 05/25/2012
Deutsche Bank's hit to its image in Germany with legal settlements and ongoing investigations 2009-2013
03/21/2012
The criminal investigation into alleged tax fraud in trading of carbon emissions certificates, the raid at Deutsche Bank's Frankfurt headquarters in Dec. 2012, and arrest of some senior executives, continues problems with the bank's image in Germany since the 2008 financial crisis. Deutsche Bank's was highly leveraged during the 2008 financial crisis and is perceived as contributing to the crisis. Changing the culture at the bank is likely to take more than the introduction of the new co-CEO arrangement in mid 2012 with Anshu Jain and Jurgen Fitschen, say experts. Germany's judiciary was critical of Fitschen for not respecting the independence of the judiciary and understanding the separation of powers for a call he made protesting the raid in the investigation.
Linked Articles
Image Remake Suffers Hit at Deutsche Bank
Wall Street Journal 12/20/2012
Deutsche Bank Lists Litany of Legal RisksWall Street Journal 03/21/2012
Delphi Automotive's Rodney O'Neal- portrait of an executive
12/05/2011
Change, renewal and new life at Delphi Automotive.
Linked Articles
Delphi Automotiveâs C.E.O., on Detours and Opportunity
New York Times 01/05/2013
Delphi Focuses on Markets for Green and Safe TechnologyWall Street Journal 12/05/2011
The unconventional strategies that helped the turnaround at Delta Airlines
10/04/2010
Linked Articles
Delta Flies New Route to Profits: Older Jets
Wall Street Journal 11/16/2012
Delta Refocuses On Its ServiceWall Street Journal 10/04/2010
Bonuses, executive compensation and performance in the UK, public outcry.
01/20/2009
The executive compensation and bonus situation in the UK. RBS and othe banks and the public outcry. As RBS shares drop to 12 pence or less than the price of a candy bar, loss for 2008 is 28 billion pounds, and the British government comes up with $20 billion pounds of government money for RBS and takes 70% ownership, reports in the Sunday Telegraph suggest executives plant to handout $1 billion in bonuses. How?
Linked Articles
U.K. Boosts Its Bailout As Bank Losses Rise
Wall Street Journal 01/20/2009
British Official Plans a Review of Bonuses After OutcryNew York Times 02/09/2009
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