Archive | Corporate Governance

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Abolishing Corporate Personhood: Be Careful What You Ask For.

Following the Supreme Court’s landmark decision in Citizens United, calls for the abolition of corporate personhood have multiplied. Noam Chomsky, Al Gore and Ralph Nader are advocates. Occupy Wall Street protesters mention it as a possible demand. Move to Amend is a coalition of organizations and individuals pursuing a constitutional amendment. Be careful what you ask [...]

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CEO Pay at Fannie Mae and Freddie Mac

The inspector general of the Federal Housing Finance Agency (FHFA) has released a devastating report on executive compensation at Fannie Mae and Freddie Mac in the wake of the government’s $153 billion bailout of those firms.

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The SEC’s Problem With the First Amendment

The SEC’s approach to regulating US securities markets relies on controlling speech: they compel “disclosures”, prohibit certain statements, and impose onerous requirements on others. All of this is difficult to reconcile with the First Amendment’s guarantee of freedom of speech. Last week, the Supreme Court affirmed that the Westboro Baptist Church, based in Topeka, Kansas, [...]