FOR IMMEDIATE RELEASE: December 13, 2018 CONTACT: Mariam Ahmed, (202) 800-8688, mariam.ahmed@berlinrosen.com   STATEMENT: Roosevelt Institute Experts Respond to Companion Bill to Strengthen Workers’ Voices   Today, Rep. Ben Ray Luján (D-NM) introduced the Accountable Capitalism Act in the U.S. House of Representatives, a companion to legislation introduced in the Senate by Sen. Elizabeth Warren

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

One justification made by proponents of stock buybacks is that the practice is an effective way for funds to flow from companies that do not “need” the cash out to shareholders, who will then invest it in companies that are issuing new shares to finance firm activity. Does this explanation show up in the data?1

Today, Senator Bernie Sanders (I-VT) and Congressman Ro Khanna (D-CA) introduced the STOP Walmart Act, which prohibits large companies from engaging in stock buybacks unless they make serious investments in their workers. While the act takes aim at Walmart, the country’s largest private employer, it highlights the theme of my work: that excessive giveaways to

In The Unsound Theory Behind the Consumer (and Total) Welfare Goal in Antitrust, a working paper for the Roosevelt Institute, University of Utah economics professor and antitrust scholar Mark Glick examines why the New Brandeisians are correct to reject the consumer welfare (CW) standard. Delving deeper—and pushing antitrust scholarship forward—he argues that the CW or total welfare standard was

The 2016 corruption scandal at Wells Fargo, in which executives pressured employees to meet “wildly unrealistic sales targets,” created a work environment described as “relentless pressure.” Once revealed, the massive fraud committed against millions of consumers led to congressional hearings, substantial fines by state and federal regulators, and a series of announced changes by Wells

FOR IMMEDIATE RELEASE: October 4, 2018 CONTACT: Mariam Ahmed, mariam.ahmed@berlinrosen.com   THE CALL TO REPLACE SHAREHOLDER PRIMACY: RESHAPING CORPORATE LAW TO PROMOTE WORKERS’ INTERESTS, A BETTER ECONOMY Roosevelt Institute brief calls for decentering shareholders in corporate decision-making NEW YORK, NY  – The Roosevelt Institute today released a new issue brief, Towards ‘Accountable Capitalism’: Remaking Corporate

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,

America’s failing antitrust system is, in large part, to blame for today’s market power problem. Lax antitrust law and enforcement have allowed troubling trends like corporate consolidation to remain unchallenged, further embedding our skewed economy. In highly consolidated markets, consumers have limited choice and little power to pick their price, quality, or provider for the

FOR IMMEDIATE RELEASE: September 25, 2018 CONTACT: Mariam Ahmed, mariam.ahmed@berlinrosen.com   NEW REPORTS: REVIVING ANTITRUST FOR THE 21ST CENTURY ECONOMY Roosevelt Institute and Great Democracy Initiative Release Legislative Blueprint for Combating the Second Gilded Age   NEW YORK, NY – As concentrated corporate power threatens jobs and wages and worsens inequality, the Roosevelt Institute and