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.
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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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »