3 ms·
No chance this will pass and the potential economic downstream effects could be pretty extreme, but I think there are some interesting nuggets in there that wou
by creaghpatr 8y ago
No chance this will pass and the potential economic downstream effects could be pretty extreme, but I think there are some interesting nuggets in there that would make for good corporate stewardship ideas.
But the premise that companies are only accountable to shareholders is false (or in this case, editorialized)- companies are accountable to the government, and more recently you have companies like FB and SNAP that are only truly accountable to voting shareholders and can choose to not maximize profit for whatever reason.
Lastly, if employees are electing 40% of the directors, I would expect that to politicize the hiring process unnecessarily, and likely lead to far more unionization.