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Even for Companies, the U.S. Is Split Between Haves and Have-Nots

Harvard Business Review

Companies in the top one-fifth of profitability earn, in aggregate, about 70 times more economic profit (accounting profit less cost of capital) than those in the middle three-fifths combined, according to McKinsey’s database of 3,000 large, publicly listed, nonfinancial U.S. Consider what’s happening among corporations.

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Why Europe's Carbon Woes Matter to the Whole World

Harvard Business Review

In Europe, the emissions-reduction targets were set prior to the 2008 financial crisis, which as we all know presaged a deep recession and a eurozone debt crisis. This has drastically reduced the incentives for them to invest in or deploy clean-energy technologies or to modernize their energy-infrastructure assets.

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