Twenty U.S. Senators and Members of Congress, including Elizabeth Warren, Dick Durbin, Tammy Baldwin, Patty Murray, Bernie Sanders, and Sherrod Brown, and Maxine Waters have sent a very strong comment letter to EBSA/DOL criticizing the proposal on proxy voting by ERISA fiduciaries in the strongest terms. The full letter is below. An excerpt: The proposal…
Tag: elizabeth warren
Two senators demand answers from Wells Fargo following NBC News reports
Citing a recent investigation by NBC News, two U.S. senators have asked the chief executive of Wells Fargo to answer extensive questions about the bank’s practice of pausing mortgage payments for borrowers without their consent under a federal program designed to help homeowners financially hurt by COVID-19. The senators, Elizabeth Warren of Massachusetts and Brian…
Elizabeth Warren: Corporate executives like those at Wells Fargo must face jail time for overseeing massive scams – The Washington Post
When a criminal on the street steals money from your wallet, they go to jail. When small-business owners cheat their customers, they go to jail. But when corporate executives at big companies oversee huge frauds that hurt tens of thousands of people, they often get to walk away with multimillion-dollar payouts.Too often, prosecutors don’t even…
Trump and Warren are Both Wrong
Jesse Fried says that Senator Warren and President Trump both want to weaken shareholder oversight, Senator Warren with her legislative proposal and President Trump in asking the SEC to review elimination of quarterly reporting: In the absence of any solid evidence that shareholders harm firms, the case for weakening investors has been based on myths,…
Critique of Warren Proposal on Corporate Accountability
Denise Kuprionis analyzes Senator Warren’s proposal for federal charters of large corporations on the Conference Board corporate governance blog. She finds a number of its provisions are already covered or counterproductive. An excerpt: Perhaps a better answer than the ACA is to better promote benefit corporations as an option for companies. Then to determine and…
Support for Senator Warren’s Accountable Corporations Act
Leading scholars and practitioners have written to endorse Senator Elizabeth Warren’s proposed Accountable Corporations Act. Dear Senator Warren, We are a group of long-term scholars and practitioners of the law, finance, and economics of corporations and other business entities. We write you now in support of your Accountable Capitalism Act. We believe legislation along these…
Elizabeth Warren unveils bold new plan to reshape American capitalism | US news | The Guardian
We are delighted to see corporate governance become a central issue in the political debates shaping up for the next Presidential election, though we have some hesitation in endorsing some of the ideas in Senator Elizabeth Warren’s proposed Accountable Capitalism Act. We do not think of this proposal as “redistributing wealth,” however, as The Guardian…
