This time last year — when his war with Disney was still relatively green — it appeared that Florida Governor Ron DeSantis was the Republican who would unseat Donald Trump. He was a younger Mini-Me version of him anyway, and better at self-control. But his battle with his state’s biggest company has persisted, and it’s […]
Read More
Ellevest CEO and Co-Founder Sallie Krawcheck is on a mission to get more money into the hands of women. In doing so, she’s asking one simple—yet complex—question: what would happen if we invested in women? To address this central question at the 2023 Women & Worth Summit, Krawcheck shared an overview of the current state of […]
Read More
When you are told that all [stock] repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening either to an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive). I’m perfectly willing to accept Buffett’s proposition that not all stock repurchases harm shareholders. Well, of […]
Read More
A great irony is that before the ESG issue came along, Republicans were working overtime to relieve retirement advisers of legal obligations, not impose new ones. Specifically, they opposed a rule issued by the Obama Labor Department that imposed a fiduciary duty on financial professionals who advise clients on their retirement investments. Fiduciary duty is […]
Read More
A passionate talent pool, regulation, and a shift from education to implementation by businesses make 2023 the perfect moment to make our greenest dreams come true. Even Wall Street, where green is more likely to be equated with the color of money than trees, is paying close attention. The tech industry’s ubiquitous layoffs have left […]
Read More
This history lesson is my preface to heaping laurels on President Joe Biden for proposing, in Tuesday night’s State of the Union Address, a 4 percent surcharge on stock buybacks. Oil companies, Biden said, used the record profits they earned last year “to buy back their own stock, rewarding their CEOs and shareholders. Corporations ought […]
Read More