How Unlimited Interest Rates Destroyed the Economy

Thomas Geoghegan, writing in a recent issue of Harper’s Magazine, puts forth a theory that at first glance seems almost too silly to voice, let alone take seriously. He argues that it was not derivatives, hedge funds, gambling insurance companies, or excessively...

Ever Wonder Where All That Money Went?

As the financial crisis continues to unfold, headlines increasingly focus on the pain and hardship ordinary Americans are suffering. Let us not forget that the wealth accumulated by a small handful of Americans, often at the expense of others, was obscene and remains...

Think You’re Good? Think Again

I recently finished reading a remarkable book by Peter Singer, The Life You Can Save: Acting Now to End World Poverty. It makes an unusually tough-minded assertion: I am immoral. I already know that in a world where so few have so much and so many have so little,...

PepsiCo’s Pepsi Challenge

In a February article in Fortune, reporter Betsy Morris sang the praises of Indra Nooyi, PepsiCo’s sophomore CEO. The piece described PepsiCo’s new motto under Nooyi, “Performance with Purpose,” which strives to balance “the profit motive...

Walmart & the Sins of Our Fathers

“Judge King wrote that Ms. Braun had recounted the humiliating experience of soiling herself while at work because she had not been permitted time to use the restroom.” I hope that the recent ruling by a Minnesota state judge, who found that Walmart...

Our Compensation Principles & Beliefs

Over the years, I have frequently spoken out against companies that preach a “we’re-all-in-this-together” ethos while tolerating Austrian-Afghanistan disparities in executive-employee pay. But I have offered little in the way of a real-world solution...

Blood on Their Hands

Recently the New York Times reviewed The Big Squeeze: Tough Times for the American Worker, by Steven Greenhouse, a reporter for the newspaper. The book, published by Knopf last week, examines how companies like Fed Ex and Walmart bleed workers to reap hundreds of...

Monsanto: An evil company?

I have often wondered whether a company can truly be evil. Not a company run by evil people, but a place where decades of evil have seeped right into the corporate fabric. Almost ten years ago, at a Business for Social Responsibility conference in Los Angeles, I...

It Was Bad, and It Wasn’t a Dream

It had all the makings of a nightmare: 
”Seventh Generation Battles Carcinogenic Chemical Controversy”
 “Organic” and “Natural” Consumer Products Found Contaminated with Cancer Causing Chemical!” Less than two weeks ago, I...