LPE Originals

The Myth that Shareholders are “Investors”

Hot dogs are not sandwiches, work meetings are not retreats, and shareholders are not investors. Yet only one of these conceptual mistakes illicitly lends support to the idea that all corporate activity should benefit shareholders.

LPE Originals

Economic Democracy at Work

Workers should have enough representation on corporate boards to influence major decision making. Questions of institutional design should not stand in the way of this common sense reform.

LPE Originals

How Shareholder Primacy Hurts Jobs and Wages

The debate around stagnant wages and job creation seems well-settled: scholars point to globalization, or skill-biased technical change, or the decline of union density.  Others point to the ‘rise of the robots’, claiming that automation and technology are driving us towards a jobless future. But few consider that the dominance of shareholder primacy within America’s…