JPMorgan Chase CEO Jamie Dimon announced last week that the bank had lost over $2 billion as a result of some bad investment decisions. Following the announcement, Dimon hit the airwaves apologizing for what he called “sloppy” and “stupid” behavior on the part of his company, and he told the company’s…

The great producer Walmart, loathed by Marxists, “Progressives,” and Occupiers everywhere, has once again found itself at the center of a controversy. Recently, the New York Times broke the story that, for years, Walmart systematically bribed government officials in Mexico in order to secure building permits, which enabled Walmart to…

In a recent blog post, I lauded Greg Smith’s op-ed chastising Goldman Sachs for losing its focus on the long-range goal of making money with its clients and shifting its focus to a shortsighted approach of making money off its clients. I also said that I thought the media had…

Wall Street investment bank Goldman Sachs suffered its latest in a series of public relations problems on Wednesday when executive Greg Smith quit the firm and published his grievances against it in the New York Times. Smith accused the firm of abandoning its client-focused culture—a culture of trust, of long-term…

If I were to write a business plan based on manufacturing and selling a product few people wanted, for a price few people were willing to pay, in the midst of the worst recession in at least twenty years, would you invest funds in my venture?  You would if you…

Frequent and prolonged use of cigarettes has been conclusively linked to significantly increased risk of cancer, heart disease, and a host of other dangerous and unseemly health problems. Governments have seized on this fact as a license to tax, regulate, and slowly criminalize tobacco. Some argue that government is justified…