Banks As Socialist Collectives - Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 My Account Also pew-pew maps, crypto trust, shareholder noncompetes and CBS. Are banks Marxist paradises? I have often suggested that the modern investment bank is a socialist paradise run for the benefit of its workers, but according to the New York Times’s new “Marx Ratio,” their socialism is only so-so: The Marx Ratio, as we’re calling it, captures the relationship between a company’s profits — the return to capital, on a per-employee basis — and how much its median employee is compensated, a rough proxy for the return to labor. Companies with high Marx Ratios offer particularly strong rewards to their shareholders relative to workers. For example, the pharmaceutical company Pfizer had a Marx Ratio of 2.64, meaning the per

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 My Account Also pew-pew maps, crypto trust, shareholder noncompetes and CBS. Are banks Marxist paradises? I have often suggested that the modern investment bank is a socialist paradise run for the benefit of its workers, but according to the New York Times’s new “Marx Ratio,” their socialism is only so-so: The Marx Ratio, as we’re ca