Corporatocracy — Ciara Torres-Spelliscy‘s recently published book, Corporatocracy: How to Protect Democracy from Dark Money and Corrupt Politicians, dissects the mechanisms of corporate power and connects them to broader societal issues such as inequality, environmental degradation, and the erosion of democracy. In this work, she provides a roadmap for understanding and resisting Corporatocracy. She offers […]
Saving American Democracy in the Age of Citizens United, that’s the subtitle of a new book by Robert A.G. Monks entitled The Emperor’s Nightmare. The subtitle speaks to the book’s forward thrust. The title puts that in the context of a long journey in corporate governance by Monks. The cover of Power and Accountability in 1991 […]
Robert Monks has just begun a series of articles at CSRwire on his most recent book, Citizens DisUnited: Passive Investors, Drone CEOs, and the Corporate Capture of the American Dream (my review). Part one of the CSRwire is A Simple Solution to Runaway Corporate Power. See also, Robert A.G. Monks, Crusading Against Corporate Excess, NYTimes, July 6th. His main message […]
(Guest Post by Robert A.G. Monks) Let me tell you about something I read recently called Who Cares? Corporate Governance in Today’s Equity Markets (OECD Work Paper #8) by Mats Isaksson and Serdar Celik. Mats has been a major figure in the corporate governance movement for many years and is one of the key people in […]
About a month ago, I posted a piece aimed at getting students and alumni at Harvard (and hopefully at other universities) to advocate for more democratic endowments. In my zeal to focus on endowment governance, I was far too dismissive of the movement at Harvard and hundreds of universities to divest of fossil fuels. While […]
Citizens DisUnited: Passive Investors, Drone CEOs, and the Corporate Capture of the American Dream both delights and informs as only Robert A.G. Monks can. No one else writes so well about topics like “How CEOs and the Business Roundtable Hijacked the World’s Greatest Wealth Machine” and those in the current volume because no one else has been as engaged […]
Investment News reports that California CalPERS, the second biggest U.S. public pension fund, is weighing the idea of taking its massive $255 billion assets under management and moving to an all-passive portfolio. Should we care? Well, it would matter a lot for active managers who receive management fees from CalPERS, Josh Brown, who runs the popular financial […]