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4Apr

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Journalism

Unlike Companies Traded On Wall Street – Trump Organization Indictment Hints At Downsides Of Having No Independent Oversight

Bert Spector, Northeastern University A Manhattan grand jury indicted the Trump Organization and one of its top executives, Chief Financial Officer Allen Weisselberg, reportedly over a failure to pay taxes, according to multiple reports. The indictment is expected to be unsealed on July 1, 2021. I’m a scholar in corporate leadership and governance. While I can’t comment on the specifics of the case, I do know that private companies like the Trump Organization lack the safeguards of public corporations – like outside ownership and independent oversight. Moreover, impulsive decision-making by an individual or small, isolated group of followers, without those safeguards, can and often will lead to disastrous results. That appears to be what the ongoing criminal investigations into the Tru...

Golden Girl Is A Beach Book Unlike Any Other

In this moving romantic fantasy, an author gets the chance to rewrite her own story over the course of one golden summer. Divorced novelist Vivi was killed in a hit-and-run, but she isn’t quite finished with life on earth. In the afterlife, she’s given three chances to influence the world she’s leaving behind. Should she use them to help her struggling adult children? To hide evidence of her own youthful indiscretion? Elin Hilderbrand fills Vivi’s story with romance, nostalgia, and heartwarming lessons about the importance of letting go. Plus there’s all the sun-drenched Nantucket beauty we expect from the beach-read queen. More than just a sweetly sentimental diversion, Golden Girl is the kind of book you tell all your friends about as soon as you’re done.

Coronavirus bailouts will cost taxpayers hundreds of billions of dollars – unlike past corporate rescues that actually made money for the US Treasury

The U.S. government has now pledged almost US$3 trillion to save the economy and Americans from the coronavirus recession. Most of that is aimed at individual Americans in the form of additional unemployment insurance or the so-called economic impact checks. About $1.2 trillion – and counting – represent bailouts for American companies, large and small. And more than 60% of that is in the form of grants or other financial assistance that will likely become grants – funds that will not be recovered by taxpayers. The Congressional Budget Office estimated on April 23 that the company-related coronavirus bailouts, excluding the fourth one just signed into law, will ultimately cost more than $400 billion over 10 years. Given that most of the latest bailout, worth $484 billion, will most likel...