3 ms·
It's a metonym, and you're right it refers to finance. But, many corporations over the past 30 years have kind of evolved into financial companies. Look at GE.
by gdubs 7y ago
It's a metonym, and you're right it refers to finance. But, many corporations over the past 30 years have kind of evolved into financial companies. Look at GE. The criticism, relevant to this very article, is that (many) companies focus far too much on maximizing shareholder value, at the expense of other investments.
https://www.wsj.com/articles/ge-powered-the-american-centurythen-it-burned-out-11544796010 https://www.wsj.com/articles/ge-powered-the-american-century...