Tomorrow at Walmart’s shareholders’ meeting in Bentonville, Arkansas, Walmart workers will call out America’s broken corporate governance system and propose that Walmart workers be included on its board of directors. Walmart associate Cat Davis will be joined by Senator Bernie Sanders (I-VT), who will speak on behalf of workers’ right to participate in corporate decision-making.
The US economy suffers from a market power problem that has invaded many sectors, including health care, telecommunications, and technology. As firms become more powerful, they are able to profit by taking advantage of other economic stakeholders rather than growing the overall economic pie. Competition as America once knew it—firms working to provide better goods
During a time when Facebook is being used as a tool of genocide and ethnic cleansing, Amazon is striking deals with Apple to put iPhone refurbishers out of business, and Google is manipulating search results to promote its own products, it is still difficult to find a group of experts willing to admit that Big
Corporations today operate according to a model of corporate governance known as “shareholder primacy.” This theory claims that the purpose of a corporation is to generate returns for shareholders, and that decision-making should be focused on a singular goal: maximizing shareholder value. This single-minded focus—which often comes at the expense of investments in workers, innovation,
Introduction On Tuesday, the Office of the Comptroller of the Currency (OCC)—one of the nation’s banking regulators—announced that it will allow non-bank financial technology companies (fintechs) to apply for national bank status. This may sound like a plain-vanilla regulatory move, but it is a move in the wrong direction from regulation that would truly protect