Nice Billionaire Employs Not-Nice Millionaires

Because of his homespun folksy manner and affinity for See’s Candies, Warren Buffett has a reputation as a very loveable guy. Not so, some of the people who make him so rich.

Because of his homespun folksy manner and affinity for See’s Candies, Warren Buffett has a reputation as a very loveable guy. Not so, some of the people who make him so rich.
Nobel Prize-winning economist Joseph Stiglitz yesterday called Apple’s offshore tax(-evasion) practices “a fraud,” which is very rude to Tim Cook who seems like such a nice man.
People who work for privately owned companies—even very big ones—are often subject to their bosses’ political whims. For employees of a major Midwestern industrial company, that means regularly being preached to by owners known as the Illinois version of the Koch brothers.
The only business edge that Walmart has left over Amazon: food stamp spending. (Much of it from Walmart employees!)
A new report from Moody’s says that major U.S. companies are sitting on as much as $1.2 trillion in cash held overseas—hey, that’s enough to pay our national credit card bill!
As we watch much of the Republican party fall in line with the bombastic racist nominee they once vowed to never support, so too can we watch America’s brave #brands settle into a comfortable partnership with a man who wants to ban Muslims from the country.
No matter how many times someone writes the story about high-priced consultants who purport to tell corporations how to deal with their young employees—it’s still funny!!!
As the “Empire State of Mind” beat filled the packed CenturyLink Arena in Omaha, the chorus slid in: “At Berkshire, financial strength is what dreams are made of, there’s nothing you can’t dooooo….” The white, middle-aged crowd of investors jammed. Is this is the humble setting from which champions arise?
Arianna Huffington, a famous liberal pundit who is also the editor-in-chief of one of America’s biggest online news sites, is now a board member of Uber. How does that...work?
Target is reportedly raising its minimum wage to $10 an hour, following a similar announcement by Walmart last year. This will not satisfy the “$15 an hour” movement, but it’s nice to see Target forced to do something (minimally) nice for its long-suffering workers.
Menards is an enormous, privately held home improvement chain owned by a union-hating Republican billionaire. They are now vying for the title of Most Extreme Corporate Overreaction to the 2016 election.
A new study shows that the way that CEOs of large corporations are paid is a thoroughly corrupt, disgusting, despicable process more akin to the Mafia than to a well-run business. I’m paraphrasing.
Yesterday, the Wisconsin Supreme Court upheld the right of factory workers to be paid for the time they spend putting on and taking off safety gear. More evidence for the radical proposition: Workers should be paid for the time they work.
In corporate America, the most persistent refuge of outright charlatanism is “branding.” The only thing more offensive to honesty than a “rebranding” campaign is a breathless feature story about a rebranding campaign.
A judge has ruled that Walmart must offer to rehire 16 workers that the company illegally fired in 2013 after they participated in a strike at Walmart headquarters. Stop acting like Walmart, Walmart.
Walmart announced today that it is closing 269 stores, including 154 in the U.S. This is a very bad sign for Walmart. But is it a bad sign for you?