A board and governance level issue that doesn’t get nearly enough attention is whether firms are being run as value creators or value extractors. As economist William Lazonick points out, absent real pushback, it is… Read more »
exponential growth
The Rise, and Fall, of the Direct-to-Consumer Model
There was a brief period in the early 2010’s when a new business model – dubbed “direct to consumer” emerged and threatened to upend established incumbents. A decade or so in, the assumptions underlying the… Read more »
We Never Seem To Learn – Bubbles Bursting, WeWork Edition
Every bubble produces its own poster children. One of the more astonishing is WeWork – a company that promised to defy the gravity of conventional real estate transactions by leasing long-term and renting short-term. At… Read more »