According to a Wall Street Journal article, the chief executive of Ford Motor Company, Alan Mulally, had the highest compensation package among all executives in the automotive industry. This is not surprising given the achievements he has made at Ford. In an recent cable news program about Mr. Mulally, it was mentioned that early in […]
Mulally of Ford; Tebow of The Jets Read More »
Medical Economics is one of the most respected periodicals read by physicians. I was honored to have several of my articles about physicians and how they rank among high income producers in terms of accumulating wealth published in that journal. And the demand for my books has greatly benefitted from the exposure. You may recall the profile of Dr.
Enhance Your Image by Writing Articles Read More »
In a recent broadcast of Mad Money, Jim Cramer did an analysis of several retailers who cater to the affluent. One of these was Tiffany’s. Jim indicated that the company’s stock price, of course, was highly correlated with its sales and ultimately its profits. Further, he proposed that the performance of this upscale retailer is highly correlated with profits and
Status Symbols: John Deere versus Tiffany’s Read More »
In Stop Acting Rich, I mentioned that many farmers are wealthy because they adhere to the basic rule for building wealth: whatever your income is, live below your means. In spite of being an affluent segment, it receives very little press coverage. I also briefly profiled a company that was one of my first clients in the
Marketing to the Affluent in Small Towns Read More »
Ron Chernow’s book, Washington: A Life, has been well received by most critics. In an interview published in The Wall Street Journal, Mr. Chernow said of President Washington: You don’t have to be the brightest or the most original mind on the block . . . but what Washington’s life shows is the clarity of vision, the
Encourage Leadership; Reap Success Read More »
Dion DiMucci has been a constant fixture in the rock and roll colony of great artists since the 1950s. Now, even at the age of 72, his music is in high demand. An interview with “Dion” was recently published in The Wall Street Journal. No one would argue that he has musical talent. But he also
A Good Reputation is More Valuable than Gold Read More »
Proposals for a tax on wealth frighten me. Take for example a recent editorial “The Conservative Case for a Wealth Tax” by Ronald McKinnon in The Wall Street Journal. Mr. McKinnon first argues that increasing the income tax rate of high earners would be for various reasons ineffective in raising federal revenue. He claims that “income inequality . .
Wealth Tax Today, Confiscation Tomorrow? Read More »
One has to be amazed at the distorted views presented in the media and in the political arena regarding “the rich.” But Alan J. Reynolds does provide some objective reality in his editorial, “Tax rates, inequality and the 1%.” He first cites a statement from the Congressional Budget Office: The share of income received by the top 1%
1% versus 99%: Widening Income Gap? Not! Read More »
Stories about the so-called “evil rich”, the ever controllinig 1%, are rampant in the news. But the good deeds of the rich, if reported at all, are many times buried in the back pages. Take for example the 3″ x 6″ article published in The New York Times, “Two Cheers for the Malaria Vaccine.”
Unhappy 99%ers: Sell Your US Citizenship to Chinese Millionaires Read More »
As of March, 2011, “there were 1.7 million active poker player accounts in the US from players wagering around $14 billion a year online” (see The Wall Street Journal). A lot of these players must feel that they can gamble themselves into millionaire status. And who can blame them? Cable television relentlessly glorifies gambling and constantly associates poker playing, especially,
“Any Economically Successful Man Doesn’t Gamble” Read More »