Those big public companies are really being reined in by their shareholders: Comcast, Verizon, Exxon Mobil, Valeant, Equifax, Wells Fargo. Oh wait... The publi

Those big public companies are really being reined in by their shareholders: Comcast, Verizon, Exxon Mobil, Valeant, Equifax, Wells Fargo. Oh wait... The public equities market has failed and will continue to fail to punish unethical behavior. Elliot, Scott Galloway, all the biggest equity funds all only care about returns. Scandals and misbehavior can affect returns but it’s often more efficient to cover them up or lobby to make them legal than actually fix the issue. I almost feel like CEO owners have more of an incentive to prohibit bad behavior to protect their individual legacy. Adam Neumann made out great from WeWork but it’s rumored he left America and I don’t blame him. Jack probably doesn’t want to be the guy who led to the downfall of the American democracy, and I’d trust him to do more about it than any combination of nameless funds.