Milton Friedman was wrong. Paying attention to other stakeholder interests is not a diversion, it's management's job
The National Post's Terence Corcoran is a celebrated champion of free markets. In his latest post, “Milton Friedman is right, profit is a company's only purpose,” he champions one of the most controversial principles in global capitalism. Corcoran's primary fear is that “a long list of academics, consultants, business leaders and politicians – many of…
It may be a contradiction in terms, but this hybrid offers a certain value with its performance
The Cadillac Escalade Hybrid is a four-wheeled contradiction in terms. Introduced in 2009 at a Florida auto show, appropriately enough, it was the only full-size luxury hybrid in General Motors’ stable. If ever there was a vehicle that demonstrated how going green is mainly for the rich, this is it. Still, if you can find…
Ford’s decision to axe its passenger cars is regrettable, but there may be some killer deals coming as dealers scramble to clear their lots
Ford recently announced that it will soon be getting out of the business of building traditional passenger cars. In a move that will no doubt spread to other carmakers (GM is rumoured to be contemplating a similar tactic), Ford will eliminate its conventional sedan and hatchback models starting in 2020. Eventually, the only non-truck/non-SUV…
It may seem like one of the biggest vehicles on the road, but the Chevy Traverse is actually a mid-size SUV. According to GM, it’s “inspired” by General Motors’ big boys, such as the Tahoe and Suburban, but the Traverse is ostensibly a more manageable rig, with the ability to carry up to eight adults.…
The National Post's Terence Corcoran is a celebrated champion of free markets. In his latest post, “Milton Friedman is right, profit is a company's only purpose,” he champions one of the most controversial principles in global capitalism. Corcoran's primary fear is that “a long list of academics, consultants, business leaders and politicians – many of…
