Public Citizen Report Finds That Corporate Prosecutions Plunged to a 25-Year Low Final Year of Trump Administration – Public Citizen

Corporate impunity increased to record levels during President Trump’s last year in office, when federal prosecutions of corporate criminals fell to just 94 – the lowest on record since the government started tracking corporate prosecution statistics in 1996 – while corporate leniency agreements increased to 45, the highest in Trump’s four years, a new Public…

Push to kneecap super proxy advisers

The influential advisory firm controlled by the $500 billion industry super fund sector would be kneecapped under a push by Treasurer Josh Frydenberg to regulate the way institutional shareholders vote on how companies deal with environmental, social and governance issues. The proposed measures include forcing proxy advisers to give the companies they are reviewing a…

Ted Cruz: Your Woke Money Is No Good Here – WSJ

Ted Cruz to corporate political contributions: You can’t fire me; I quit. And I am petty and vindictive and will take revenge on you for hurting my feelings. This is what the kids call a self-own. First, he condescendingly tells some of the most accomplished and powerful people in the country that they don’t know…

The myth of the “woke corporation” – Popular Information

But the notion that corporations have cast aside their alliance with the Republican Party and are using their power to protect voting rights — or other progressive policies — is a myth. Yes, some corporations have affirmed their commitment to voting rights and expressed a broad opposition to unnecessary voting restrictions. And a few have…

Dimon Shareholder Letter: JP Morgan Chase

From the JP Morgan Chase shareholder letter [emphasis added]: We have consistently described to you, our shareholders, the basic principles and strategies we use to build this company — from maintaining a fortress balance sheet, constantly investing, nurturing talent, fully satisfying regulators, and continually improving risk, governance and controls to serving customers and clients while…

VisuWell Acts Promptly and Responsively to Replace Abusive, Bigoted CEO

When footage of a CEO yelling at a teenage boy for wearing a dress were posted online, the board of directors acted quickly to fire him and issued an unequivocal statement. After investigating the matter and speaking to individuals involved, the VisuWell BOD has chosen to terminate Mr. Johnson from his position as CEO, effective…

C.E.O. Pay Remains Stratospheric, Even at Companies Battered by Pandemic

From the New York Times: “We’ve created this class of centimillionaires and billionaires who have not been good for this country,” said Nell Minow, vice chair of ValueEdge Advisors, an investment consulting firm. “They may build a wing on a museum. But it’s not infrastructure — it’s not the middle class.” The gap between executive…