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In some people’s view, the government’s ouster of Rick Wagoner, CEO of General Motors, was long overdue. Should the board of directors have acted sooner? And should other CEOs of troubled companies be worried? Corporate governance expert Michael Useem weighs in.
In tough times, domestic politics often lead to protectionist policies that in the long run are harmful to everyone, the World Trade Organization warns. It cites a 25% increase in such measures among member nations last year.
As the government ponders the reorganization of the U.S. auto industry, an international group of academics — focused on the global auto business — offers guidance.
As the bashing of Wall Street and other financial services executives reaches a fever pitch, some of them say enough is enough.
Hedge fund investors see a rough road ahead: more losses, fewer funds and greater demands for transparency in their management. Wharton faculty have already predicted additional regulatory scrutiny for the funds, which are generally less than open about their strategies.
Here’s an interesting idea to be presented at the G20 meeting next week: Replace the G20 with, perhaps, the G129 — and put the United Nations in charge.
In Washington, bonus backlash is stirring much political action — and posturing. Critics say the commotion is misdirected. As one pundit lamented, the nation’s political leaders are “always willing to throw themselves into any issue that is understandable on cable television.”
An Indian Hindu organization is calling for a boycott of American-made products, following Congress’s recent ban on the hiring of foreign workers by firms receiving bailout funds. Meanwhile, others fear the U.S. is setting itself up for a substantial “brain drain.”