Wall Street Journal (December 2)
“Like much of corporate America today, the Nasdaq is virtue signaling at the expense of someone else. This is far from its reason for being, which is a marketplace to raise money while spreading the benefits of capitalism and corporate ownership. Imposing its own identity politics on some 3,300 listed companies meddles in corporate management and will harm economic growth and job creation.” [Nasdaq is seeking minimum quotas of women and minority/LGBTQ directors on corporate boards.]
Tags: Capitalism, Corporate America, Growth, Identity politics, Job creation, Management, Marketplace, Money, Nasdaq, Ownership, Virtue signaling
The Economist (January 27)
“Not so long ago, GM and its peers seemed to be on a path to extinction. Technology firms such as Alphabet, Uber and other pushy newcomers had started a race to develop software that would control driverless cars and to offer ride-hailing and ride-sharing services that are expected to thrive at the expense of car ownership.” However, there’s been a sharp reversal in market sentiment and GM has taken pole position. “A scorecard issued annually by Navigant, a consultancy, puts GM ahead of the AV pack of carmakers and tech firms, with Alphabet’s Waymo in second place.”
Tags: Alphabet, Car, Driverless cars, Extinction, GM, Market sentiment, Navigant, Ownership, Ride-sharing, Technology, Uber, Waymo
