…for the next generation of thought about wealth and inequality. Piketty shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified th…
Search results for "wealth inequality"
What Ought to Be: Why Grow Up?
…ent classes of stock compound income and wealth inequality. I heard Susan Neiman discuss Why Grow Up? on the CBC’s program Ideas and thought her book might provide additional insights into the dilemmas we have been exploring on Corporate Governance (a…
Millennial Socialists Bolstered by SEC
…because problems like climate change and wealth inequality continue to get worse and millennials have more influence over civil elections than in corporate elections. If Americans want to stem the growing tide of socialism, we need to provide more ave…
Participation Needed to Restore Trust
…arily serves only 10% of the population. Wealth Inequality Unjustified When Few Participate in Rewards The impacts of wealth inequality are too numerous to be adequately covered here. The following have been implicated: increased ideological gap betwe…
Video Friday: Wealth Inequality — Change the Rules
…richest 300 people on earth have as much wealth as the poorest 3 billion. This is no accident; those in power write the rules. Together, we have the power to change those rules. Technology and the shift of global power mean that we can now demand our…
Addressing CEO Pay
…h more agreement than disagreement about wealth inequality. Across differences in wealth, income, education, political affiliation and fiscal conservatism, the vast majority of people (89%) preferred distributions of wealth significantly more equal th…
An Economy That Works For All
…or of the recently released 99 to 1: How Wealth Inequality is Wrecking the World and What We Can Do About It. Van Jones called 99 to 1 as “the primer for the 99 percent movement.” 99 to 1 analyzes the causes and consequences of wealth inequality in al…
Corporate Governance Bites
…erent than our own, when distinctions of wealth simply weren’t as sharp. Wouldn’t it be great to get back a little closer to the original model when wealth in America was not only distributed more equally but we were, on average, richer than those in…
CII: Public Companies Endangered Species?
…o Silicon Valley, I see the Internet and inequality changing everything. Companies used to have to raise a lot of money to build factories, hire and train employees, set up distribution networks, etc. Now they can plug into the Internet and scale up a…
Pay Ratio Nightmare Fitting Concern for Labor Day
…nd political realms: increasing economic inequality may produce increasing inequality in political responsiveness, which in turn produces public policies increasingly detrimental to the interests of poor citizens, which in turn produces even greater e…
Main Street Investors: Battle Coming
…ders came from voters seeking to address wealth inequality but inequality has grown worse. Battle Over Main Street Investors: My Assessment BlackRock: Unlikely Savior The Main Street Investors Coalition raises some legitimate issues but the group’s su…
Capitalists Arise!: Serve Stakeholders
…ice as a problem contributing to growing wealth inequality. His solutions depend on enlightened managers and boards to transform how America does business by taking all stakeholders into account, not just shareholders. I say, don’t count on enlightene…
Shareholders v Stakeholders
…. Given the magnitude of climate change, wealth inequality, terrorism and the like, it is time to experiment with new forms of corporate governance, which empower all those willing to invest not just money but human capital into creating new corporate…
Defending Retail Shareholder Advocates
…distribution as well as the existence of wealth. Its force exists only in direct ratio to the number of individuals who hold such wealth. Justification for the stockholder’s existence thus depends on increasing distribution within the American populat…
Archives: November 2000
…orate governance affect distributions of wealth within and among nations? What is the likelihood that social movements for change may mobilize in the face of – or to resist – globalization? Does the globalization of finance lead to a leveling up or a…
Archives: October 2000
…orate governance affect distributions of wealth within and among nations? What is the likelihood that social movements for change may mobilize in the face of – or to resist – globalization? Does the globalization of finance lead to a leveling up or a…
SHARE Summit 2020
…the social contract has been torn apart. Inequality and the climate crisis are linked. Democratic spaces are closing and people are losing hope in democracy. We need a new social contract, a social floor, global rule of law and rights. We need a just…
European Corporate Governance: Readings & Perspectives
…Here he discusses the context of rising inequality and growth of the super-rich with evidence that concentration of wealth is enhanced by stock market bubbles and a tax system that tilts in favor of the rich. How do we extricate ourselves from this s…
Paycom 2019: Proxy Voting Recommendations
…ve median pay and my concern for growing wealth inequality, I voted AGAINST and also voted against the members of the compensation committee: Vote AGAINST. 3. Paycom 2019: Ratification of Independent Auditor I have no reason to believe the auditor eng…
Predatory Value Extraction
…f we are to avoid the dangers of further wealth and social inequality. Here the authors circle back to the prior recommendations. See some on-topic slides from a presentation by Lazonick at a Tax the Rich Conference. Predatory Value Extraction: Conclu…
McRitchie 2019 Proxy Season Win for Market Beta
…distribution as well as the existence of wealth. Its force exists only in direct ratio to the number of individuals who hold such wealth. Justification for the stockholder’s existence thus depends on increasing distribution within the American populat…
Tepper’s Myth of Capitalism reviewed
…eholds directly own corporate stock… The wealthiest 1% own nearly 50% of stock and the top 10% own more than 81%. In contrast, the middle class owns only 8% of all stock. The rise of market concentration and death of competition have led to increased…
SEC Shareholder Proposal Panel – Take Action!
…ome more widespread if we are to address wealth inequality and short-termism in a way that avoids heavy handed government redistribution and regulation. I am concerned with those sorts of issues and charts like the following that shows a strong correl…
A Nation of Small Shareholders: Review Essay
…als think they will benefit from growing inequality because it will be less expensive to hire someone to clean their house or mow their yard. However, clearly some are worried. Read Survival of the Richest. We still live in a democracy. The more power…
The 100 Most Overpaid CEOs: Take Action
…Take Action: If income inequality and/or wealth inequality are important issues for you, consider moving your mutual funds from overpay enablers like Vanguard and BlackRock to funds from Dimensional and Schwab. If money starts flowing out of their acc…
Video Friday: Joseph Stiglitz Discusses Elite 1% & U.S. Free-Fall
…re divided a society becomes in terms of wealth, the more reluctant the wealthy become to spend money on common needs. The rich don’t need to rely on government for parks or education or medical care or personal security—they can buy all these things…
Shareholder Proposals Recommendations to SEC
…even mutual funds. The top 1% holds more wealth than the bottom 95%… before the recent roll back of inheritances taxes. Studies find a direct correlation between income inequality and political polarization over the last 60 years. Unfortunately, it ma…
June 2003
…l Investment Forum (SIF) and Responsible Wealth, which represents “a network of hundreds of affluent Americans,” advocate a one percent threshold. Jerome L. Dodson of Parnassus Investments seeks a lower threshold of $100,000 and advocates elections in…
SEC-IAC: Disclosures on ESG Topics
…even mutual funds. The top 1% holds more wealth than the bottom 95%. Studies find a direct correlation between income inequality and political polarization over the last 60 years. Unfortunately, it manifests itself daily in the erosion of norms around…
Archives: April 1999
…The U.S. model comes at a cost of income inequality: The ratio of what the richest 20% earn compared to the poorest 20% is 9/1, compared with 6/1 in Germany and 4/1 in Japan. The poorest 20% in Japan are about 50% better-off than America’s poorest 20%…