Tag Archives | inequality

McRitchie 2019 Proxy Season

McRitchie 2019 Proxy Season Win for Market Beta

McRitchie 2019 proxy season results are not something I normally report. It feels too much like bragging. I do my work to drive better, more accountable corporate governance. However, the SEC’s Division of Corporate Finance is “considering recommending that the Commission propose rule amendments regarding the thresholds for shareholder proposals under Rule 14a-8.” It is […]

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Tepper - Myth of Capitalism

Tepper’s Myth of Capitalism reviewed

Tepper begins his book (with Hearn) by recounting United Airlines forcibly removing paying passenger Dr. David Dao, a Vietnamese-American pulmonologist, from an overbooked plane. The video of him going unconscious and bloody went viral. United’s CEO initially blamed the passenger for resisting but later settled. Jonathan Tepper and Denise Hearn fail to mention Dr. Dao suffered a broken nose, loss […]

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participation would lead to higher growth rates.

Participation Needed to Restore Trust

Participation by every American family in the market and in corporate governance is needed to address growing inequality, sense of powerlessness and slowing growth rate. As long as 84% of corporate stock is owned and controlled by 10% of Americans, corporations will not be trusted; nor should they be. (more…)

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Compensation #corpdirforum2018

Compensation: The Difference it Makes

Compensation:  The Difference it Makes Compensation. Most Americans think CEOs of the 500 largest publicly traded corporations are overpaid, even though they think CEOs made less than a tenth of what they actually earn. The Rock Center for Corporate Governance at Stanford University conducted a nationwide survey of 1,202 individuals — representative by gender, race, […]

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Part 4 28th Annual SRI Conference - Inequality, Sustainability, and Board-Level Accountability

Part 4 28th Annual SRI Conference

Part 4 28th Annual SRI Conference in San Diego. Search #AllinForImpact on Twitter to see more posts. See Parts 1, 2, and 3. Yes, I know, this conference was held months ago but I’m still digesting… maybe until the next one. I could spend a productive year just exploring links to the work of the speakers. Mark […]

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Shared Ownership cooperative-development-think-outside-the-boss

Shared Ownership Can Address Unequal Economy

How Shared Ownership Reforms Can Address Popular Anger about an Unequal Economy In May 2017, U.S. Senators Sanders, Leahy, Gillibrand, and Hassan introduced legislation intended to help workers become owners. Their bill calls for a national employee ownership bank and helps states develop employee ownership centers. This comes after a dozen major cities and nearly […]

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Capitalists Arise - Monthly Surplus

Capitalists Arise!: Serve Stakeholders

Peter Georgescu’s Capitalists Arise!: End Economic Inequality, Grow the Middle Class, Heal the Nation correctly identifies short-termism and a focus on stock price 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 […]

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CEO Pay Ratios - Larges Gaps

CEO Pay Ratios: Do Employees Care?

CEO Pay Ratios: Mandated Reporting Approaches Starting fiscal years beginning in January, companies must disclose CEO pay ratios to the median compensation of their employees. Companies have flexibility with regard to sampling and other methodologies, according to how the SEC has interpreted the Dodd-Frank Act. In preparation, PayScale and Equilar surveyed employee sentiment on CEO pay […]

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McDonalds

CtW Urges Shareowners Vote Against Pay at McDonalds

On 5-7-2014, CtW Investment Group filed a notice of exempt solicitation, urging shareholders to vote against company’s say-on-pay proposal at the 2014 annual meeting. CtW said that the compensation committee failed to modify its executive pay practices. Instead, its practices provided elevated pay even when performance declined. CtW is also concerned about declining financial and […]

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Video Friday: What the 0.1% Don’t Want You to Know

From Moyers & Company The median pay for the top 100 highest-paid CEOs at America’s publicly traded companies was a handsome $13.9 million in 2013. That’s a 9 percent increase from the previous year, according to a new Equilar pay study for The New York Times. Will the rise of a new oligarchy mean the […]

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Video Friday: The Coming Collapse of the American Corporation?

From a CSES Lecture Series event held on February 6th, 2014 at Cornell University. Gerald (Jerry) Davis presented his research “The Coming Collapse of the American Corporation (and What Comes Next)?” Shareholder-owned corporations were the central pillars of the US economy in the twentieth century. Due to the success of the shareholder value movement and […]

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Video Friday: Why Taxes Have to Be Raised on the Rich

Robert Reich makes the case for higher taxes on the wealthy in two minutes and 30 seconds. Notice the overlap between “class warfare” and “common sense.” Also recommended, Inequality for All. download the discussion guide and find additional resources that accompany the film as well as the list of organizations and partners that made this […]

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Video Friday: Joseph Stiglitz – The Price of Inequality

From a friend: He came to the SEC a month ago and gave such an awesome talk about his new book, The Price of Inequality: How Today’s Divided Society Endangers Our Future …  incredible talk.  This guy is serious, Nobel Prize in economics and whatnot. He’s talking about industry entrenchment, the finance industry, manipulation of government, […]

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Pay Ratio Nightmare Fitting Concern for Labor Day

US companies face a “logistical nightmare” from a new rule forcing them to disclose the ratio between their chief executive’s pay package and that of the typical employee, lawyers have warned. Yes, the disclosure required by section 953(b) of Dodd-Frank “will provide ammunition for activists seeking to target perceived examples of excessive pay and perks.” […]

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