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'Let's make that the law': Elizabeth Warren challenges Jamie Dimon and Business Roundtable over accountable capitalism pledge

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“If Jamie Dimon thinks it’s a good idea for giant corporations like J.P. Morgan Chase to have multiple obligations, he and I agree,' Sen. Elizabeth Warren told JohnJHarwood. 'Then let’s make that the law.”

The Accountable Capitalism Act would require companies with more than $1 billion in yearly revenue to obtain federal charters from a newly created Office of United States Corporations. It would require 40% of corporation directors to be selected by employees and add new restrictions on stock sales by directors and officers."They'll say they're going to do it on their own, and they may make some adjustments," Warren said.

A spokesperson for the Business Roundtable referred CNBC to a letter sent by the group's CEO, Joshua Bolten, in October, in response to a letter Warren sent to 10 CEOs who signed onto the group's statement redefining the purpose of a corporation.

 

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JohnJHarwood How about, no? You want a corporation to do more than meet needs of their shareholders, then start your own damn corporation. Government is just a legalized robber barron of successs.

JohnJHarwood Maybe try and balance the budget before opening your Stalinist pie hole.

JohnJHarwood She is exhausting. Can’t imagine her in the WH.

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'Let's make that the law': Elizabeth Warren challenges Jamie Dimon and Business Roundtable over accountable capitalism pledgeSen. Elizabeth Warren took Jamie Dimon and the Business Roundtable to task over the business association's August commitment to 'redefine' the purpose of a corporation. Last in the polls, why waste the air time with more liberal bullshit Get out the snake oil. Her comes warren new bs
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

'Let's make that the law': Elizabeth Warren challenges Jamie Dimon and Business Roundtable over accountable capitalism pledgeSen. Elizabeth Warren took Jamie Dimon and the Business Roundtable to task over the business association's August commitment to 'redefine' the purpose of a corporation. Last in the polls, why waste the air time with more liberal bullshit Get out the snake oil. Her comes warren new bs
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »