Elizabeth Warren’s Accountable Capitalism Act... An idea whose time has come... Require 40% of the Board of Directors to be employees.

https://www.vox.com/2018/8/15/17683022/elizabeth-warren-accountable-capitalism-corporations

Elizabeth Warren has a plan to save capitalism.
She’s unveiling a bill to make corporate governance great again. she’s introducing a bill Wednesday, the Accountable Capitalism Act, that would redistribute trillions of dollars from rich executives and shareholders to the middle class — without costing a dime.

The conceit tying together Warren’s ideas is that if corporations are going to have the legal rights of persons, they should be expected to act like decent citizens who uphold their fair share of the social contract and not act like sociopaths whose sole obligation is profitability — as is currently conventional in American business thinking.


Popular Posts