We need to change the rules so that the needs of workers, customers, communities, and the planet are a part of the equation.
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Updates
Delaware Just Caved to Billionaire Bullying By Overhauling Its Corporate Law
As Musk is trying to gut the agencies that enforce federal regulations, state corporate law is poised to become even more important. Delaware should have held firm. by Natalia Renta While Elon Musk attacks federal agencies’ ability to protect us from the worst excesses of corporate power, a little known Musk initiative sailed through the Delaware legislature
AFR in the News
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Controversial Senate Bill 21 signed into law (The Review)
“The reality is, the fearmongering started with [Musk],” Natalia Renta of AFR said. “It’s about giving more power to directors, executives and controlling shareholders like him.”
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Trump’s presidency is his family’s piggybank (The Times)
As Mark Hays, the director of Americans for Financial Reform, observed: “With the launch of a Trump-backed ‘stablecoin’, World Liberty and Trump are now issuing their own private currency, while pressuring Congress to pass a bill … overseen by crypto-friendly Trump loyalists, and daring anyone to object.”
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In the News: Reed Renews Push to End Special Tax Deductions for Huge Executive Bonuses
WASHINGTON, DC – According to the Economic Policy Institute, the gulf in pay between CEOs and average workers is 290 to 1. In an effort to ensure that hardworking U.S. taxpayers are not forced to subsidize lavish executive compensation packages while making a fraction of CEO pay, U.S. Senator Jack Reed (D-RI) today reintroduced legislation that would
Letters to Congress: Opposition to the FIRM Act