Pulse


A tarnished American corporate icon: What happened with Boeing’s corporate governance?

A recent Rock Center for Corporate Governance at Stanford University program focused on the role of corporate boards in influencing corporate culture and assessing risk. The informative program presented current metrics for health corporate culture together with trends pointing to increasing emphasis on board’s oversight role in good governance to ensure effective ethics and compliance program.

Private Payroll Trend Remains Solid in December, Wages Poised to Accelerate in 2020


2019 ended on a mostly consensus note. The private payroll jobs trend remained clearly healthy. The jobless rate set a new cycle low (marginally). Aggregate hours worked came in below expectations but, with productivity gains and a surge in net exports, FMI is still looking for +2.5% or so real GDP growth for 19Q4.
 

Unrelenting Margin Pressures: Overcoming Healthcare’s Softening Revenues and Rising Expenses

Co-authored with Jeff Jones, Chief Commercial and Strategy Officer for Conifer Health Solutions.

Key Takeaways:

The US Tax System Cannot Finance Medicare for All

Medicare for All remains the most contentious and consequential issue for 2020 Democrats. It’s easy to see why.  

A perspective on corporate reforms and sustainability in Japan

The evidence is still out but hopes are high that Japanese institutional investors focused on sustainability and corporate governance reforms can convince Japan Inc. to comprehensively embrace reforms designed to improve productivity and ultimately deliver higher returns. Corporate governance reforms, a cornerstone of Abenomics, started taking hold in 2014. Today, GPIF, the world’s largest pension scheme is among their most vocal champion in linking reforms to a holistic emphasis on long-term sustainable investment strategies.

Japanese Corporate Governance: A Response to Marsha Vande Berg

This is a response to Marsha's piece here.

The Power of Money: How Ideas about Money Shaped the Modern World

Forrest Capie, Professor Emeritus of Economic History, Cass Business School and author of the modern History of the Bank of England writes:

“Robert Pringle has written a book on money that is different from any other.”

He “draws on a long life in the worlds of money, banking, and central banking and on his wide-ranging interests beyond economics and the social sciences to history and the arts to reflect on the strange relationship money and society have on and to each other.”

Review of Hostile Money: Currencies in Conflict

“The purposes of money are constant, the way it operates varies hugely” says Paul Wilson at the outset  – and few authors have illustrated this as interestingly as he does. Impressively erudite, he never lets his command of detail hold up the story, so that the reader is swept up in the stormy history of money’s role in some of the greatest social, political and military conflicts from ancient Rome to the cyber warfare of the 21st century.

My Volcker anecdotes: The risk and reality of hubris


Of all my memories of Paul Volcker – I first met him in the early  1970s when we was UnderSecretary for Monetary Affairs at the US Treasury and I was editing The Banker – four are particularly persistent:

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