Like the wealthiest households, the most successful companies are exerting outsized influence on the economy.
Two economists argue that directors have a duty to maximize shareholders’ welfare, not value.
In the United States, industry concentration is growing, and an increasing number of academics are concerned about the ramifications.
Market performance under Republican presidents may be in part due to timing.
US cell-phone customers pay billions of dollars more than some of their European peers, and the difference has a lot to do with government policies.