Companies & Industries

Is Renting Smarter Than Buying a Home?

For as long as I can remember, the assumption has always been: It is better to own than to rent a home. But for quite some time now, what that meant to a lot of people was that it was better to speculate than to play it safe.

Do we want to keep women around or not?

The FT reports on new research showing that female directors damage corporate profits. Sexy headline. I dug up the study itself to try to resolve the fact that other research has shown the exact opposite (as the piece in the FT points out). Here are the main conclusions of the research, by Renee Adams of the University of Queensland and …

Life on the other side of cash for clunkers

From Zeit Online (clunky translation mine):

In Germany the government-promoted auto boom is gradually coming to an end. Thanks to cash for clunkers (Abwrackprämie) the number of new-car sales in July was, at 340,000 vehicles, still 30% higher than the previous year’s level, reported the Federal Motor Vehicle Office

New column: The pay crackdown

My new column, on Washington’s campaign to regulate executive and Wall Street pay, is online. It’s got a lot of Lucian Bebchuk in it, and this morning Bebchuk is at it again, with a WSJ.com op-ed (co-authored with his Harvard Law School colleague Alma Cohen) making the case that it appears banks have actually gotten more generous in …

Will the new GM escape the curse of the old?

There have been two main theories of why things went so wrong at General Motors. One is that the company is run by a bunch of ingrown retreads with no sense of where the automotive business was headed. The other is that the company’s management has been so burdened by commitments (to pensions, to retiree health care, to union work rules) …

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