SEC Stifles Shareholder Voice. The SEC today voted along partisan lines to insulate management from

[soothsayer]

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Andy Green
@AndyGreenSF
·
Sep 23, 2020
BREAKING: SEC Stifles Shareholder Voice

The SEC today voted along partisan lines to insulate management from accountability to investors, workers, communities & others.

Raising ownership requirements to offer sh/h proposals from $2k to $25k means only rich & powerful get a say.

Allison Herren Lee
@SECHerrenLee
Putting a thumb on the scale for management: my statement on the amendments to Rule 14a-8: https://sec.gov/news/public-statement/lee-14a8-2020-09-23….

Andy Green
@AndyGreenSF
Sadly, corporate America doesn't believe that its vision for a new broader corporate purpose ought to be accountable to anyone.

Powerful dissent by new SEC Commr. Caroline Crenshaw here.

https://sec.gov/news/public-statement/crenshaw-14a8-2020-09-23-0…

Strong statement by @SECHerrenLee quoted above.
1:18 PM · Sep 23, 2020

[Dyedinthewoolliberal]

1. another move towards Facism

which is a marriage of government and business...……….

[LastDemocratInSC]

2. Mussolini suggested a different word

For what we call Fascism: Corporatism.

[moondust]

3. And meat packing executives can decide

for themselves if they want to endanger their employees or follow government guidelines on COVID--as Rachel reported last night.

Fascist corporatocracy don't need no damn big gubment tellin' 'em wut to do!