From the Brian McFadden in the New York Times:
Ok, just a quickie about taxes with two more startling graphs. Another proposal that's making the rounds in Washington is to cut the corporate income tax rate. This proposal is originally coming from the Republicans, but it looks like Obama has drunk the kool-aid too. The argument goes that corporations in the U.S. are taxed … Continue reading I Don’t Think Corporate Taxes Are Too Low
The Supreme Court of the U.S. has finally put a limit on the "person-ness" of a corporation. Apparently a corporation still has unlimited free speech rights since it is "person" according to the court, but it doesn't yet have a right to privacy. Volokh Conspiracy explains: Yesterday, in FCC v. AT&T, the Supreme Court unanimously … Continue reading Corporations Not Entitled to Privacy
Gallup Organization released a study showing Americans, by a large majority, want less corporate influence in the U.S. Unfortunately they aren't getting it. Corporate influence is at an all time high. See Fox, Hen House, Economic Advisors and Nice to Advise the King for examples. The last Congressional election was the most expensive so far, … Continue reading Majority Still Wants Less Corporate Influence
From Naked Capitalism (Yves Smith) (emphases are mine): the blind pursuit of “maximizing shareholder value” is not all it is cracked up to be: The recent productivity report received much attention. But I did not see anyone point out that the spread between nonfarm corporate prices and unit labor cost was 5.25%, the widest spread … Continue reading The Way to Maximize Corporate Profits is not to try to Maximize Profits
I think Buce has a very good point. There were many causes of the Global Financial Meltdown (GFM) in 2008 and it's siamese twin, The Great Worldwide Recession That Won't Recover (TGWRTWR). Some causes are superficial and others are more systemic. Certainly perverse incentives in the banking industry were among them. This is the stuff … Continue reading Incorporation as a Cause of the Global Meltdown?
A fellow skeptic looks at the recent Supreme Court decision holding that corporations are entitled to full First Amendment rights to free speech, and notes the paradoxes that arise when a corporation is viewed as a "person". The Hypocrisy of Corporate Personhood « unsettling economics.
Interesting article on economic crisis and changing corporate structures. For example, it describes how The Great Depression led to the creation of multi-divisional large corporations such as GE, GM, and DuPont (the corps already existed, the structure changed). Interesting to speculate how the current crisis will change corporate business organizations. via Unboxed - How Crisis … Continue reading Unboxed – How Crisis Shapes the Corporate Model – NYTimes.com