So what value has Kalanick created?

Without the employees this company is worth Nada, Zilch, Zippo, Nil - so there is a big fault in the 'Market' System and Capitalism if he can re 'rewarded' to generously (or better: excessively). Would be interesting what Bill Gates or Jamie Dimon with all their wisdom have to say to that!
(14-Nov-2019)
Uber founder cashes in big time

Another Public Company disappears in the Maw of 'Private' Equity

In this age of growing concern about Inequality it is a slap in the face of ordinary investors - let alone citizens - if more and more public companies get gobbled up by financial engineers and their conspirators among dominant shareholders and management. Apart from the problem that benefits of the Private Equity industry are disputed - there was hardly ANY private equity to speak of before the mid-1980s and the world was doing quite well without it - the distributional effects are clear for all to see: Who else but promoters of the industry can spend millions on a birthday party? why should public companies show restraint in relation to executive compensation when promoters and their hired guns in management don't disclose their pay packets? They probably get paid amounts that would sometimes be multitudes of what senior executives in public companies can earn. It is clear that mechanisms to protect public shareholders from having their companies taken away on less than attractive terms are not up to the task. Who cares about Wider Shareownership or the Shareholder Democracy? Rome's decline started when wealth got concentrated in the hands of the few.
(5-August-2019)
Springer Buy-out on track

Dual-class voting shares - are our Fiduciaries standing firm?

Canny insiders - with the help of advisers among investment banks - are steadily eroding shareholder rights. There is opposition but it is piecemeal and split. Reality is, if the major fiduciaries in the asset management business would get together and put their feet down this unhealthy development would be stopped very quickly. I would not go so far as to call these structures the biggest threat to financial markets but they are just one more factor behind the continuous increase in Inequality.
(27-Mar-2019)
Dual-class structures biggest threat to financial markets

AntiTrust massively eroded - Should Fiduciaries care?

Should Investors - and their hired hands in the Fund Management/Private Banking Industry - really care if Oligopolies and Monopolies are not held in check? Higher profits at the cost of higher inequality may be attractive in a Darwinian world but how does this fit in with the current focus on ESG, SRI and Impact Investing?
(9-Jan-2019)
Why the Regulators went soft on Monopolies

Widening Share Ownership the right way

Only requiring that incentive compensation is offered to all employees on an equal basis will prevent gaming of executive pay rules by the C-Suite. Strictly tie it to base pay on pro-rata basis. Make base pay subject to vote by all shareholders (or beneficiaries in private funds or indirect holdings, such as investment funds, pension funds or private banking accounts) (21-Dec-2017)
Tax Bill spells big changes for companie's approach to executive compensation

A Simple Fix for Our Massive Inequality Problem

Interesting proposal. But not sure the state should run it. Better to give substantial tax exemption for each individual that receives dividends or owns shares, - maybe up to (Dollar, Euro) one million. And put tax on all other assets at much higher rate (in line with personal income tax rates, i.e. wealth pay proportionally more). As more people are subject to the maximum rate it could be lowered (30%?)  and it would still generate sufficient revenues for the state. (3-Dec-2017)
A Simple Fix for Our Massive Inequality Problem - The New York Times

Sports Direct has chosen a 30-year-old Barnstable shop manager to stand up for staff at the company

Insult to Intelligence! Like the Headmaster selecting the Head Boy, nothing but a poodle! Staff needs proper representation, the old Unions are not up to the job, still stuck in socialist mindset. What is needed is something akin to Activist Investors, Investment Banks representing employees and negotiating on even level with capital owners. So the EBU, the Employee Buy-out is the way to go. Who would ever have thought that a tiny niche, Private Equity, would become the Monster it has become in the past 30 years? Or the MBO that is abused by any number of insiders well placed to take advantage of their position? Both factors key contributors to the growth of Inequality and wealth of the 1%
Sports Direct has chosen a 30-year-old Barnstable shop manager to stand up for staff at the company

Board Members overpaid?

Are board members really worth their money? An interesting take, not politically correct, but there is some truth to it, start at 41 minutes
Hitler on overpaid board members 1940

Pret-a-Manger criticised for offering teenagers sandwiches in exchange for work

Can anyone blame #Bridgepoint for squeezing out the last drop of blood from its employees? Someone has to pay for the outrageous (and secret) 'compensation' and salaries raked in by #PrivatEquity, in many cases in offshore #taxhavens. Time that those 'Fiduciaries' allocating to the businesses are also held to account for what the funds they invest into on behalf of ordinary savers are up to.  #Execpay #Corpgov
(25-Mar-2017)
 Pret criticised for offering teenagers sandwiches in exchange for work to solve looming Brexit staffing crisis

CEO Pay Soars In 2016 - Wages Continue To Stagnate

Another black eye for the inept corporate governance crowd! (21-Mar-2017)
CEO Pay Soars In 2016 As Employee Wages Continue To Stagnate | Zero Hedge

Airbnb has no specific plans for IPO yet: CEO Chesky

Thank God for that. The IPO market is a huge destroyer of wealth - for the deplorables that are herded into overvalued new issues while the 0.1% run away with the proceeds. Perversion of Shareholder Democracy. And the retirement savings crisis will not be solved that way either.
Airbnb has no specific plans for IPO yet: CEO Chesky

Google to pay $3.2 bio for a company with revenues of.....$15 mio

Another sign of how unhinged the market for technology companies has become is this transaction where Google agrees to pay an absurd multiple for a tech start-up. Apart from the question whether or not this decision is commercially sensible (not even mentioning the privacy problems it might create) it also raises the issue of how much control shareholders should have over any sizable spending on acquisitions. That our pension systems are supposed to rely on a sort of ponzi-finance that equity markets have become (and an engine for wealth generation that is benefiting above all the 0.001 percent) is another prickly issue for politicians and regulators. Buying 'assets' at astronomical multiples is certainly not the right way for any pension system to match its liabilities to ordinary people.
(14-Jan-2014)