Good morning! CORPORATE RESPONSIBILITY Something’s broken in corporate America. I’m not suggesting we scrap the system or materially alter the economic and legal framework undergirding our complex economy. But corporations are becoming more powerful and more extra-national than was originally intended. Government struggles to keep up with corporations’ efforts to take profits overseas and not pay U.S. income taxes; internet companies are in control of the dissemination of information and enforcement of basic rules of free speech and decorum; “disrupters” like UBER and Airbnb willfully violate laws in place to protect employees and consumers; and revisions to the tax code that are intended to further corporate hiring, innovation and investment, are instead used to boost executives’ salaries and engage in stock buy-backs.
#215 Musings from the Bunker 10/14/20
#215 Musings from the Bunker 10/14/20
#215 Musings from the Bunker 10/14/20
Good morning! CORPORATE RESPONSIBILITY Something’s broken in corporate America. I’m not suggesting we scrap the system or materially alter the economic and legal framework undergirding our complex economy. But corporations are becoming more powerful and more extra-national than was originally intended. Government struggles to keep up with corporations’ efforts to take profits overseas and not pay U.S. income taxes; internet companies are in control of the dissemination of information and enforcement of basic rules of free speech and decorum; “disrupters” like UBER and Airbnb willfully violate laws in place to protect employees and consumers; and revisions to the tax code that are intended to further corporate hiring, innovation and investment, are instead used to boost executives’ salaries and engage in stock buy-backs.