Sick American Corporate Culture

Sick American Corporate Culture

7 mins 3 hrs

Since the 1980s the way big companies in the United States do business has poisoned the well for the rest of us. The sick American corporate culture ruthlessly focusses on shareholder returns in return for enriching the executive to obscene levels. Stock options and company stock buybacks have become key ingredients in the billionaire factory churning out the super wealthy. This manipulation of the fabric of how companies do business has come at the expense of other stake holders like employees, consumers and the nations where these corporations do business. Downsizing, outsourcing, and profit shifting are all means by which companies have increased profits, reduced costs and avoided paying their fair share of tax. At the same time, these actions have reduced community engagement and care in return for outlandish levels of wealth for a few at the expense of the many.

Crime Culture Democracy Economics Fresh Politics