Corporate Wrongs

News Roundup: Lies, J.P. Morgan Chase, Best Quarterback in the NFL and More

When I first started this blog, I thought it was very important for me to combat all the lies that are told in the public sphere. That proved extremely fruitless. Yet, there are some lies that we clearly need to call out. George W. Bush’s former White House Press Secretary, Dana Perino, decided that she would tell a little fib on national television. While on Fox News she said, “We did not have a terrorist attack on our country during President Bush’s term.” You don’t have to be a genius or know how to use Google to know that 9/11 occurred

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Why Donald Trump Bears No Economic Risks

From Robert Reich: Thirty years ago, on its opening day in 1984, Donald Trump stood in a dark topcoat on the casino floor at Atlantic City’s Trump Plaza, celebrating his new investment as the finest building in Atlantic City and possibly the nation. Last week, the Trump Plaza folded and the Trump Taj Mahal filed for bankruptcy, leaving some 1,000 employees without jobs. Trump, meanwhile, was on twitter claiming he had “nothing to do with Atlantic City,” and praising himself for his “great timing” in getting out of the investment. In America, people with lots of money can easily avoid the consequences

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Hail the CEO and Spit on the Workers

I’m all for rewarding strong performances by CEOs and by workers. If someone does a good job they should be rewarded. A worker who does the extra things to make sure things go smoothly should be rewarded, as should a worker who comes up with a new innovative process to get the job done more efficiently. The CEO who figures out how to cut costs and streamline production should be rewarded. I simply don’t understand how CEOs who watch their company’s share price fall over a three-year period are rewarded with a huge bonus. Why isn’t the company board immediately fired?

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Errington C. Thompson, MD

Dr. Thompson is a surgeon, scholar, full-time sports fan and part-time political activist. He is active in a number of community projects and initiatives. Through medicine, he strives to improve the physical health of all he treats.


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