I think one of the dilemmas or sort of contradictions is that the presumption, of course, is that corporations are run for the benefit of shareholders, but I think particularly when you look at the companies that failed--Lehman Brothers, Bear Stearns--they were not being run for the benefit of shareholders at all.
Reed discusses the contradiction in corporate governance regarding shareholder benefits.
Share & report
More from Jack Reed
America has the strongest, most capable military in the world. But firing uniformed leaders as a type of political loyalty test... erodes the trust and professionalism that our servicemembers require to achieve their missions.
It was not planned at all. It was the exact opposite of how most people expected the exchange to go.
Eliminating the positions of many of our most skilled and experienced officers without sound justification would not create ‘efficiency’ in the military — it could cripple it.
Our local organizations calculated that child care in my State is unaffordable for 90 percent of families.
Other voices in this conversation
