The politics of business is getting perilous for CEOs trying to traverse the ideological battle between capitalism and socialism.
Caterpillar CEO Jim Owens’s last minute opposition to the Waxman-Markey cap-and-trade bill, announced just prior to the House of Representatives’ vote, was reminiscent of Senator John Kerry’s infamous statement “I voted for it before I voted against it.”
President Obama and Congressman Henry Waxman (D-CA) have found big business to be a crucial ally in their quest for a national cap-and-trade law to limit carbon emissions. Corporate backing greatly enhances the global warming bill’s prospects of passing, but it also reveals a key feature of Obama’s political strategy: a new era of special interest politics in which major corporations work in concert with liberal politicians and advocacy groups to advance the left-wing agenda.
Recent news stories asserting that President Obama’s interest in pursuing cap-and-trade legislation is dwindling are premature.
One sector is immune from the economic downturn: global warming lobbyists.
By calling for tax increases on traditional energy sources, Jamie Dimon is joining the war against fossil fuels while displaying a textbook description of a limousine liberal.
On the issue of global warming, there is little chance that Obama will put his ideology aside in favor of the nation's economic growth.
Throwing caution to the wind, chief executives in the financial industry took enormous risks by placing huge bets on financial instruments based on mortgages.
Just as good political advertising can sway an election, effective ads on issues such as energy can move public opinion and Congress.
The silver lining in the cloud of high energy prices is the growing public support for domestic development of natural resources. Opinion polls, including data from California, show Americans are increasingly inclined to support drilling.
Last week’s Senate debate over Lieberman-Warner – the America’s Climate Security Act – brought to national attention an under-recognized yet rising threat to liberty and limited government: corporate America.
Once known as the "Sheriff of Wall Street," New York Governor Eliot Spitzer has resigned because of his involvement in a prostitution ring and is now a target of a federal probe.
CEOs frequently base business strategies on faulty assumptions and unrealistic expectations. This is especially true when business plans involve government regulation.
As the year comes to a close, it’s time to announce the Five Worst CEOs of 2007. The CEOs shared a common theme: they allowed the liberal agenda embodied by Corporate Social Responsibility (CSR) to drive business decisions.
Wal-Mart needs to appreciate an observation made by Napoleon: “Never interrupt your enemy when he is making a mistake.”
PepsiCo's global warming strategy is backfiring on its business.
“A Time for Choosing”, the celebrated nomination address by Ronald Reagan supporting Barry Goldwater for president in 1964, included a strong message about the dangers of appeasing the Soviet Union.
After years of adversarial and contentious relationships, some of the largest corporations are now collaborating with their former foes in pursuit of global warming regulations.
he meeting was also unusual for another reason - the liberal monopoly of shareholder activism was challenged from the Right. While it’s common for Left wing groups to use shareholder standing to push its agenda on corporations, Wal-Mart also heard from free market shareholders who challenged Wal-Mart’s liberal policy bent. Wal-Mart’s Left turn not only poses a risk to investors, but it also poses a significant risk to free markets and limited government.
Reflecting the hostile anti-business sentiment of the Democratic majority in Congress, the U.S House of Representatives recently passed the “The Shareholder Vote on Executive Compensation Act” on April 20.