‘Dark Money’ – A Shaggy Dog Story

“Dark money” sounds menacing and foreboding – a financial nomenclature suggestive of gothic masterpieces like “The Raven” and “The Black Cat.” Whereas Poe’s tales actually contain sinister elements, the phrase dark money is employed by activist shareholders much like the villains of countless “Scooby Doo” cartoons devised illusory ghosts, werewolves and vampires. Continue Reading...

The irresponsibility of corporate social responsibility

Last week, Marc posted audio from the Fred Smith’s presentation at the 2007 Acton Lecture Series. Mr. Smith, president and founder of the Competitive Enterprise Institute, spoke about Corporate Social Responsibility and the dangers associated with the socialization of the corporation. Continue Reading...