Keeping Shareholders at Arms Length

I participated virtually in the Green Monday conference this week and had pause for thought after hearing each of the panelists respond to a question about the impact of shareholders on sustainability.

Andrew Shapiro of Green Order mentioned the mission driven nature of Facebook.  That mission will be maintained in public ownership partly through the class A shares on the market having lower voting power than the class B shares held by a much smaller block of existing shareholders.

Karen Hamilton of Unilever described CEO Paul Polman’s action to cease providing quarterly earnings forecasts because he didn’t see the short …

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