Publications
I am responding to the Council of Institutional Investors’ (“CII”) request that the NASDAQ Stock Market (“NASDAQ”) amend its listing standards to require companies seeking to go public…
In a new article, I discuss how investment advisers like Blackrock, State Street, and Vanguard, can become adequately informed prior to voting their proxies without having to read massive…
According to the Securities and Exchange Commission (SEC) release establishing the Proxy Voting Rule, an investment adviser “is a fiduciary that owes each of its clients duties of care and loyalty…
This submission is in response to Chairman Clayton’s July 30 press release announcing a staff roundtable on the proxy process and calling for submissions from interested parties. It refers in…
This submission is in response to Chairman Clayton’s July 30 press release announcing a staff roundtable on the proxy process and calling for submissions from interested parties. It refers in…
The Main Street Investors Coalition is the first organization trying to deal with a relatively new phenomenon that Ronald Gilson and Jeffrey Gordon call the “agency costs of agency capitalism.”…
Last week, Senator Elizabeth Warren (D-Mass.) introduced the Accountable Capitalism Act, a fully drafted plan that would introduce federal supervision of the country’s large corporations and…
From time to time I am asked to explain how I can support the disproportionate voting found in dual class shares while at the same time strongly criticizing the “empty voting” of mutual fund…
In “A Radical Proposal for Improving Capitalism” (Other Voices, June 16), Eric A. Posner and E. Glen Weyl repeat the venerable observation of Adolph Berle and Gardiner Means (in The Modern…
A new shareholder advocacy group has been formed, the Main Street Investors Coalition. The Coalition aims to mitigate the adverse effects created by the concentration of shareholder voting…