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The "shareholder democracy" scam



In today's WSJ, Arthur Levitt, who helped bring us SOX, has an another in a long string of arguments for what he calls "shareholder democracy." As I discuss, Levitt and his ilk have politics on their minds, but it's not about shareholders and it's not about democracy -- it's about unions and the federal government controlling corporate governance.

 

 


Rafael Mangual
Project Manager,
Legal Policy
rmangual@manhattan-institute.org

Katherine Lazarski
Manhattan Institute
klazarski@manhattan-institute.org

 

Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.