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...
Pain as a Policy Choice

Pain as a Policy Choice

On average, our economy tanks every seven years or so. By now we should have a pretty good idea of why that tanking happens, how we can protect ourselves, and what the impact will be. Unfortunately, we don’t. Recessions remain a bit like death, inevitable yet near...
Using Lunch to Punish the Poor

Using Lunch to Punish the Poor

One of the lucky things about being rich is that you automatically become handsome, your jokes are hilarious, and politicians treat you with fawning deference. On the other hand, the unlucky thing about being poor is that … well, you’re poor. And society...