CEO power

Thursday, June 13, 2013

Discussing the book on Reuters TV

I was interviewed for Reuters TV when I was in New York last week.  I had the chance to talk with Rob Cox and explain the theory behind Citizens DisUnited.  It really was an excellent interview and I think he was able to draw out some good explanations behind… June 13, 2013 | Capture , Corporate Drones , Corporate Power , CEO power
Tuesday, June 11, 2013

What is a Drone Corporation?

My new book, Citizens DisUnited, is based on the idea that corporations without involved owners (what I call drone corporations) have a huge impact on our society and are undermining our democracy.  The presentation below uses data from the book to detail the effects of drone corporations.  For more… June 11, 2013 | Corporate Drones , CEO Pay , responsible ownership , fiduciary duty , CEO power
Friday, May 24, 2013

A Stacked Deck: JPMorgan Shareholder Fight

In my business, it seems you only win the ones that don’t count. In my case: Sears pulled out all the stops to keep me off the board;   After winning a 40% precatory vote to separate the CEO and Chairman at Exxon two years running, support fell to… May 24, 2013 | CEO power , shareholder activism , JPMorgan , annual meetings , boards of directors
Tuesday, April 24, 2012

A Happy Monopoly - Ratings Agencies

Happy monopoly describes the ongoing status of the SEC approved rating companies (Nationally Recognized Statistical Rating Organizations – NRSRO).  Notwithstanding that the Financial Crisis Investigation Commission and Senator Carl Levin’s Subcommittee on Oversight confronted the CEOs of the big ratings firms whose crisis-related pay went up by a multiple… April 24, 2012 | proxy , SEC , CEO power , Corporate Power , accountability
Thursday, April 5, 2012

Confronting Power

The only way I know to combat corporate power as it now stands is for government to exercise its powers as owners of a preponderance of publicly traded stock. Self-regulation didn't work and any attempts at government regulation are thwarted or circumnavigated. You can't control a corporation from outside… April 5, 2012 | fiduciary duty , CEO power , Capture , Corporate Power , Government Capture , Money in Politics , ownership
Friday, September 9, 2011

Shut the SEC and start over

I was particually interested in William D. Cohan's recent piece for Bloomberg, "Big Reason to Shut SEC, Start Over."   Certainly, recent reports show the SEC to be less than effective regulators of Wall Street -- whether it's lazy, inept or worse -- but the agency has been problematic for… September 9, 2011 | SEC , regulation , CEO power
Wednesday, June 8, 2011

The Appearance of Reality: Stock Buy Backs

This is the ninth post in my effort to clarify corporate governance terms and concepts that now seem misleading to me. We all know what these words mean in a literal sense but in the context of governance, of business and of our post-crash world do they still mean… June 8, 2011 | CEO power , fiduciary duty , ownership , responsible ownership , CEO Pay , Disinformation
Wednesday, May 11, 2011

Exxon 2011

ExxonMobil 2011   Two years ago I swore off going to ExxonMobil annual meetings – and I still have no plans to return. However, the Annual Meeting of Shareholders of ExxonMobil is an important event and we should take notice. The most powerful commercial entity in the world meets… May 11, 2011 | Exxon , annual meetings , shareholder activism , CEO power , responsible ownership
Wednesday, May 4, 2011

Two new videos: ownership & CEO power

Some new video today and I really hope you'll send me your thoughts.  I've talked about these topics before -- and maybe you have, too -- but I think we need some real discussion on these issues.  How can we affect change on these persistent problems? First is a… May 4, 2011 | responsible ownership , capitalism , CEO power , Citizens United , ownership
Friday, April 29, 2011

Reading: Public Law and Private Power by John Cioffi

It is a fine analysis of the interrelationship of corporate governance and conventional political considerations.  In particular, this passage stuck out for me, “It is difficult if not impossible to determine whether, or to what extent, managers seek to maintain autonomy from the state for ideological and normative reasons… April 29, 2011 | accountability , CEO Pay , CEO power , Corporate Power
Copyright 2021 by Robert A. G. Monks