Walgreens: American Icon Considers Going Rogue

Over the past year there has been a sudden flurry of U.S. companies taking advantage of a loophole that allows them to avoid paying U.S. corporate taxes by reincorporating overseas. Called “inversion”, large companies such as Pfizer and Omnicom Group have already...

Corporate governance: the resurgent activist

The US Chamber of Commerce calls it “minoritarianism, the tyranny of a minority”. Dan Gallagher of the Securities and Exchange Commission says annual meetings have been “hijacked” by “corporate gadflies”. Leo Strine, the chief justice of Delaware, where most big US...

Can a Post Office Be a Bank?

There has been lots of controversy over the U.S. Postal Service’s plan to sell off dozens of post office properties across the country by a real estate firm chaired by the husband of the Senior U.S. Senator from California, presumably to raise money to save the...

Financial Parasites Are Still With Us, But Hopefully Not for Long

Almost four years ago, I wrote about a new non-profit check cashing and payday lender that opened in the Fruitvale area of Oakland, California in the San Francisco Bay Area. This alternative to private sector financial parasites, for-profit check cashers and payday...