Altruism is not a guide for living—or for business

Most of us pursue self-interest every day: we eat nutritious food, engage in productive work (to have a purpose and to make a living),...

How to maximize long-term profits: The reality principle

A recent Financial Post column relates a real-life counter example of how not to maximize long-term profits, which I think is worth analyzing. To...

Appeasing “stakeholders:” How not to deal with corporate critics

A few months ago I announced the “Corporate Appeasement Award” for Tim Hortons, the Canadian coffee shop chain that caved in under an environmentalist-orchestrated...

Who is afraid of individual rights?

I recently attended a conference on conservative ideas to learn more about them. My biggest takeaway: while conservatives agree with Objectivism (the philosophy to...

Are the rich getting richer and the poor poorer?

The long-standing argument of the Left is that the rich are getting richer and the poor poorer, presumably because the former “exploit” the latter....

Energy industry distrusted—because it’s motivated “just” by profit

A recent survey by Canada West Foundation shows that almost half of the respondents (mostly Western Canadians) distrust the energy industry because “it is...

A shareholder-employee conflict?

I just finished reading a Finnish novel in which the main conflict is between Forest Giant (English translation), a large forest products company in...

“As soon as two businessmen get together, they start discussing how to fix prices”

This is what I heard a leftist public radio talk show host say on Sunday morning. My ears naturally perked up upon hearing something...

Self-interest vs. the "common good"

A common exhortation heard today is: Set self-interest aside and act for the “common good.” Businesspeople in particular are accused of selfishness and are...

Self-interest vs. the “common good”

A common exhortation heard today is: Set self-interest aside and act for the “common good.” Businesspeople in particular are accused of selfishness and are...

Why you can’t “rip off your clients” and maximize profits at the same time

Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times (http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&hp). In the letter,...

Why you can't "rip off your clients" and maximize profits at the same time

Last week, an apparently disgruntled Goldman Sachs executive, Greg Smith, had his resignation letter published in the New York Times (http://www.nytimes.com/2012/03/14/opinion/why-i-am-leaving-goldman-sachs.html?_r=2&hp). In the letter,...