Bookmarker is a personal project by @dellsystem to help with retaining reading material. Source on GitHub.

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7 years, 3 months ago

shareholder value as a political strategy

[...] Shareholder value must be read as a political strategy to monopolize corporate control and advocate for "the demands of financial interests to reap high returns" in a very short amount of time. This logic of shareholder value imposed certain practices that "victimized the poorly protected par…

—p.156 Liquidated: An Ethnography of Wall Street Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho
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7 years, 3 months ago

disciplining through debt

The concept of "disciplining through debt" was popularized and widely accepted by the business community in the 1980s. What was rendered invisible by this discourse was that this debt was a mechanism through which corporate wealth was transferred from the multiple stakeholders of a corporation to a…

—p.146 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho
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7 years, 3 months ago

Targeted Returns on Current Investment archive/abolish-silicon-valley

[...] George Roberts, the "R" of KKR, claimed that since the Oregon public employee pension fund invested in the KKR fund which bought Safeway, "the masses" benefited. He justified the LBO by stating that Safeway employees were finally being held accountable to global competition. [...] The company…

—p.144 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho
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7 years, 3 months ago

the fear of it could bring it on inspo/revelation

For there were, by this time, degrees and gradations of public sweating, from a light varnish all the way up to a shattering, uncontrollable, and totally visible and creepy sweat. The worst thing was that one degree could lead to the next if he worried about it too much, if he was too afraid that a…

—p.95 The Pale King §13 (93) by David Foster Wallace
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7 years, 3 months ago

returned sometime later with a gun archive/silicon-jest project/panopticon

Under the sign erected every May above the outer highway reading IT'S SPRING, THINK FARM SAFETY and through the north ingress with its own defaced name and signs addressed to soliciting and speed and universal glyph for children at play [...] and then hard left along the length of a speed bump into…

—p.55 §8 (55) by David Foster Wallace