CII Letter to DOL/EBSA on the Proxy Voting Proposal

The Council of Institutional Investors has filed a comment objecting to the proposed rule form DOL/EBSA on proxy voting by ERISA fiduciaries. The full comment is below. An excerpt [footnotes omitted]: DOL has not provided a persuasive rationale for the Proposed Rule. In fact, the Proposed Rule is premised on fundamentally flawed assumptions about shareholder…

The Libertarian Who Accidentally Helped Make the Case for Regulation

When [Alex] Tabarrok and his former grad student Nathan Goldschlag set out to measure how federal regulations impact business growth, they were sure they’d find proof that regulations were dragging down the economy. But they didn’t. No matter how they sliced the data, they could find no evidence that federal regulation was bad for business….