Professor Robert Frank is up to his old tricks. In his recent New York Times article, "Hey Big Spender: You Need a Surtax", he proposes new taxes on the top... read more →
I was always skeptical of my economics professors at Cornell. I simply did not understand their jargon and apparent lack of practical realities. I despised the 'bell curve' and its... read more →
In the literary masterpiece, The Bhagavad-Gita, it says, "Through selfless service, you will always be fruitful and find the fulfillment of your desire". Service is the essence of the hospitality industry,... read more →
On July 31st, the U.S. House of Representatives passed bill HR 3269 that gives public company shareholders an advisory vote on executive compensation. In addition, the bill endeavors to "prevent... read more →
Picture the scene. You are a director of a publicly traded company and you know that your company's stock price has topped out. Keen to cash out before the share... read more →
The past year was another busy one in the gaming industry with Macau surpassing Las Vegas as the top gambling market in the world and international expansion of U.S.-based companies... read more →
For many gaming executives, bonus checks are coming soon. The annual bonus is an indispensable motivator, which can tie executive pay to the financial performance of the company. That being... read more →
The casino industry is much the same as it was in 2009 as the impact of the recession has been deeper and the recovery slower than most analysts expected. Consumer... read more →
In an interesting study1 from the 1950s a researcher analyzed the number of tickets sold for 28 passenger trains that had crashed during the decade. It was observed that these trains... read more →
There are many who believe that "corporate ethics" is a modern phenomenon, but 2,000 years ago, Cicero addressed the topic in his "On Duties". The issue has certainly been launched... read more →