David Stockman

The Crony Capitalist Corruption At GM

GM blamed a low-level engineer for its ignition switch fiasco. That doesn’t even merit an “oh puleese!” I speak from personal experience: I owned a supplier that was smashed to smithereens by GM’s engineering and purchasing bureaucracy. 

Canary In A Handbag: Why Coach Hit The Skids

Coach just had an earnings fiasco. Sales plunged 21%. Prospects are worse for the period ahead. Store closings are coming. That’s the payoff for playing the destructive game of the Wall Street casino.