So the Accountable Capitalism Act was a 2018 effort by Warren to require companies with more than $1B in revenue to get a federal .gov charter (which could be revoked) to operate and comply with a bunch of ‘feel good’ rules or else...
Anyways, it failed to make it out of committee.
Last week, Warren sent a five page letter, on her Senate letterhead, to the Business Roundtable (BRT) demanding the member companies. “... endorse and wholeheartedly support the reforms laid out in the Accountable Capitalism Act.”
The full story is behind a paywall, but the WSJ’s editorial opined that
“CEOs can’t buy off Mrs. Warren and the left with this or that rhetorical or policy concession. Her intention is to co-opt and redirect the capital that business and individuals now control. The only way to defeat this threat is to defend the morality of free markets and the moral and fiduciary duty of corporations to their shareholder owners.”
https://www.wsj.com/articles/king-warren-of-the-roundtable-11570395953
I sense the Journal has tired of the aspirational socialism and is laying the ground to rendered Trump not because of the man, but in the name of capitalism.
Anyways, it failed to make it out of committee.
Last week, Warren sent a five page letter, on her Senate letterhead, to the Business Roundtable (BRT) demanding the member companies. “... endorse and wholeheartedly support the reforms laid out in the Accountable Capitalism Act.”
The full story is behind a paywall, but the WSJ’s editorial opined that
“CEOs can’t buy off Mrs. Warren and the left with this or that rhetorical or policy concession. Her intention is to co-opt and redirect the capital that business and individuals now control. The only way to defeat this threat is to defend the morality of free markets and the moral and fiduciary duty of corporations to their shareholder owners.”
https://www.wsj.com/articles/king-warren-of-the-roundtable-11570395953
I sense the Journal has tired of the aspirational socialism and is laying the ground to rendered Trump not because of the man, but in the name of capitalism.