The Divine Right of Capital
Ordinary people work all their lives, expecting their pensions upon retirement. Instead, they’re handed pink slips, then told their pensions are worthless. Corporate executives rake in millions while shady accounting practices hide the fact that they are at the helms of ships in trouble. When news of massive corporate scandals at Enron, WorldCom and Global Crossing broke, people demanded change. High profile hearings were held, CEOs were indicted and a corporate crime bill was easily passed by the House and Senate. But has anything really changed?
Marjorie Kelly is co-founder and editor of Business Ethics, a national publication on responsible business practices launched in 1987. She writes for many other magazines and newspapers, including The Utne Reader and Harvard Business Review. She is the author of The Divine Right of Capital.