Welcome to Bookmarker!

This is a personal project by @dellsystem. I built this to help me retain information from the books I'm reading.

Source code on GitHub (MIT license).

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 small number of owners. Despite Wang's reference to frivolous golf club memberships, the bulk of the cuts were actually in people's jobs, research and development, and infrastructure. Not surprisingly, since the selling off of assets inevitably cuts into productivity and profitability, countless LBOs imploded under the weight of their own debts. [...]

—p.146 Wall Street Historiographies and the Shareholder Value Revolution (122) by Karen Ho 4 years, 9 months ago