Ole Cowboy
TGT Addict
"The Accountable Capitalism Act, which I will reintroduce in the coming weeks, operationalizes the commitments you made to balance the interests of shareholders with other stakeholders, such as employees, customers, and community members. This approach is derived from the thriving benefit corporation model that 35 states and the District of Columbia have adopted - and that companies like Patagonia and Kickstarter have embraced - with beneficial results.
8 9 My Accountable Capitalism Act would: • Require very large American corporations to obtain a federal charter. Directors of these new companies, known as "United States corporations," would be obligated to consider the interests of all corporate stakeholders. This is consistent with your commitment to, "delivering value to [your] customers," "dealing fairly"
Here we run into a couple of problems:
1) Customers. That could be a few folks. I know a guy who builds custom gun stocks, he only sells about 25 per year, average price around $7000 each. So he only has a few, but what about Facebook, with 1.25 BILLION signing on every day?
2) What is the definition of "Very Large"? Bigger than a breadbox, Billion in sales, maybe a Million in sales, how about a $100k in sales. Kinda like only registering Assault rifles...this year, next year its shotguns..........Daisy Air Rifles. Today Amazon, tomorrow my kids summer Lemonade Stand!
ANY time the Govt uses a vague term that cannot be easily defined and only defined by the govt you can bet there is a hidden agenda...
8 9 My Accountable Capitalism Act would: • Require very large American corporations to obtain a federal charter. Directors of these new companies, known as "United States corporations," would be obligated to consider the interests of all corporate stakeholders. This is consistent with your commitment to, "delivering value to [your] customers," "dealing fairly"
Here we run into a couple of problems:
1) Customers. That could be a few folks. I know a guy who builds custom gun stocks, he only sells about 25 per year, average price around $7000 each. So he only has a few, but what about Facebook, with 1.25 BILLION signing on every day?
2) What is the definition of "Very Large"? Bigger than a breadbox, Billion in sales, maybe a Million in sales, how about a $100k in sales. Kinda like only registering Assault rifles...this year, next year its shotguns..........Daisy Air Rifles. Today Amazon, tomorrow my kids summer Lemonade Stand!
ANY time the Govt uses a vague term that cannot be easily defined and only defined by the govt you can bet there is a hidden agenda...