by Wolf Richter
Wolf Street
Why this economy is so rotten to the core.
Jim Clifton, Chairman and CEO at Gallup, which incessantly surveys what consumers and companies are up to every moment of the day, nailed it when he lashed out at his fellow CEOs, for their way of doing business.
Their companies are “failing to grow organically,” he said in a blog post. Instead of investing in growth-producing activities, CEOs go out and buy other companies, particularly their competitors.