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A Struggle Over the Rockefeller Legacy?
For a family whose economic power peaked a long time ago, the Rockefellers have been in the news a lot lately—in both good ways and bad. The negative press comes courtesy of author Steve Weinberg,...
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The Partial Coup d’Etat at Bank of America
Bank of America seems to be in a state of denial about the partial coup d’etat that was just carried out by the company’s shareholders, who took the remarkable step of ousting Ken Lewis from the...
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Pushing Uncle Sam to Be an Activist Investor
Now that it’s becoming clear that the federal government will end up owning nearly three-quarters of the shares in General Motors, the question is: What kind of owner will Uncle Sam be? In certain...
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Will Democracy Invade the Boardroom?
Life has been tough for the Securities and Exchange Commission, what with the power grab at its expense by the Federal Reserve and new revelations that its investigators acted like Keystone Kops when...
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Getting Corporations to Do the Right Thing
I admit it—the Dirt Diggers Digest is guilty of focusing on the bad news about corporate misdeeds. So in this post I will write about something positive: activist groups that are succeeding in changing...
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Tiananmen Square Inc.
Large corporations don’t depend on China only for cheap labor; they also seem to be adopting the practices of that country’s repressive government in the treatment of dissidents. It has just come to...
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Employers Stand their Ground
These are heady days for the corporate accountability movement. Threats of consumer boycotts prompted half a dozen major companies to drop out of the American Legislative Exchange Council, which in...
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The Collapse of Wal-Mart’s Social Responsibility Charade
For the past eight years, Wal-Mart has pursued an image campaign apparently inspired by the Marx Brothers line: “Who you gonna believe, me or your own eyes?” Despite the preponderance of evidence of...
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The Belated Revival of Pension Fund Social Activism
The rich own a large and growing share of the wealth in the U.S. economy, but more than $20 trillion in assets is held by financial entities that represent a much broader portion of the population:...
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