Shareholders Gain Influence

Shareholders Gain Influence

Loren Steffy writing in the Houston Chronicle has hopes that this year might be the year of the shareholder.

And it’s about time. The corporation is supposed to be controlled by those who put money into the operation, the investors. Yet, as far as I can tell, the shareholders are marginalized and ignored almost all the time. Only when a single shareholder controls a large block of stock do we see any element of corporate democracy.

The federal government should act to make corporations accountable to the people that own them. It’s ridiculous to live in a nation that talks about democracy and preaches it to other countries continue the rank hypocrisy of ownership without power.

James Pilant

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