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Re: Doesn’t Matter Who Wins the K Race; We’re All the Same
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Originally Posted by Adder
I definitely think that the makeup of corporate boards is a big part of what ails the American economy. From mutual back scratching leading to inflated executive pay to excessive-focus on deals and the short term to tax-strategy focused decision-making.
I haven't looked into the details, but doesn't Warren have a plan for worker representation? That seems like an obvious first step reform, to the extent that it can be imposed federally (ETA: I assume it's only for listed companies). I'd be interested in other ideas to diversify board membership but nothing obvious springs to mind.
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Did you all see the Leo Strine paper? https://corpgov.law.harvard.edu/2019...le-capitalism/
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A wee dram a day!
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