On this week's episode of Economic Update, Prof. Wolff provides updates on slow US economy, money drives Yale, Chobani workers get profits, more car corps scandal, and Christian/Marxist dialogue. Interview with anti-poverty activist Rob Robinson.
On this week's episode of Economic Update, Prof. Wolff provides updates on slow US economy, money drives Yale, Chobani workers get profits, more car corps scandal, and Christian/Marxist dialogue. Interview with anti-poverty activist Rob Robinson.
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On the Chobani story of its founder giving stocks to employees, that is great. Would love for Professor Wolff to have this guy on the show. It reminded me of when I worked over 20 years ago at MCI, now-defunct long-distance phone company where I worked before WorldCom bought them out and eventually destroyed MCI and the rest of the American economy. I can’t remember the specifics, but MCI was coined as being “employee-owned” because employees could by shares of company stock, I think for a reduced price (can’t remember that last part). The reason I was told for that was having employees owning company stock was a hedge against hostile takeover by another corporation (presumably AT&T who was by far the big dog in that market even back then). So that was one reason for offering employees stock company stock, maybe this guy is wanting to keep Yoplait or whoever from taking over Chobani.
Enjoyed Rob Robinson’s interview. I enjoyed listening to his take on things and hope Professor Wolff has him on again.