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Causal Factors

Who Should Corporate Managers Serve?

July 7, 2017 /

by Rick Wartzman

The dominant answer since the 1970s: shareholders and shareholders alone. But our earliest thoughtful analysts of the corporate manager role had a quite different — and much more egalitarian — perspective.

When Sears Shared

July 6, 2017 /

by Sam Pizzigati

America’s largest retailer spread the wealth around back in the 1950s and prospered. Today’s Sears is concentrating wealth — and crashing.

Success and Luck

June 27, 2017 /

by Robert Frank

A top economist reflects on the role luck plays in our lives — and why so many people of grand fortune balk at acknowledging good fortune’s importance.

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