Short-Term is Short-Sighted We had a phone conversation with Miguel Padro at The Aspen Institute on the questionable pursuit of “shareholder value” as a central business strategy. He agreed that it’s become a destructive obsession with public companies, thanks to Wall Street’s avidity for short-term profits. The conversation ranged fairly widely but we tended to…Read More

I listened to at least a dozen speakers in Chautauqua during my annual stay this summer. Many were preoccupied with our nation’s current economic plight. Speaker after speaker, from the right and the left, lamented what has happened to America over the past thirty years. Nearly a century ago, W.B. Yeats wrote: “The center cannot…Read More