It’s long been a perception in some circles that the corporate fat cats don’t have the best interests of the working man (or woman) in mind. But, what if that group of fat cats included those workers? That is, in essence, what Massachusetts Senator Elizabeth Warren has been proposing.
A Novel Approach in the United States
As Raffaella Sadum writes for Harvard Business Review, “U.S. Senator Elizabeth Warren has proposed a novel way to reform corporate governance. It would require companies with more than $1 billion in revenue to get a corporate charter from the federal government (rather than from an individual state), which in turn would require a commitment to a broad range of stakeholders, including not just shareholders but also employees and the communities in which the businesses operate.”
