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FORUM « Will a California court ruling bankrupt banks? | Hevesi ethical meltdown » October 27, 2006The "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. Posted by Larry Ribstein at 8:37 AM | TrackBack (0) |
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Published by the Manhattan Institute
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