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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

Katherine Lazarski
Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.