An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
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Sunday, January 8, 2012
The dumbest idea in the world
"There is only one valid definition of a business purpose: to create a customer."Peter Drucker, The Practice of Management
The truth of the matter is that today's corporations exist to maximize pay to the CEO's and and other company executives. Just look at the pay that those guys got that drove Merrill Lynch and B of A into the ground.
The truth of the matter is that today's corporations exist to maximize pay to the CEO's and and other company executives. Just look at the pay that those guys got that drove Merrill Lynch and B of A into the ground.
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