Companies Can Either Make Things or Make CEOs Rich

Companies Can Either Make Things or Make CEOs Rich

Jeff Immelt, the CEO of General Electric since 2001, is retiring. The 61-year-old will be making a well-compensated exit. Fortune magazine estimates that Immelt will walk off with nearly $211 million, on top of his regular annual pay. Immelt’s annual pay hasn’t been...
Dim Bulbs in Congress

Dim Bulbs in Congress

Our problem in Washington is this: we have too many 5-watt bulbs sitting in 100-watt sockets. Any doubt about this was erased in July when House tea partiers joined old-school right-wing ranters to pass a light bulb bill. This was the culmination of a loopy crusade by...
This Recession Isn’t Temporary

This Recession Isn’t Temporary

Job dried up, The money’s bad; Moved back in With Mom and Dad. I love economists — they’re so optimistic. Maybe they’re no used car salesmen, but they’re never as gloomy as the data they traffic in. The reason for all this sunshine is...