Recode Decode: SEC Commissioner Robert Jackson
Decoder with Nilay Patel
00:00
The Dual-Class Dilemma: Governance and Accountability in Tech
This chapter examines the challenges posed by dual-class stock structures in tech companies, focusing on how they impact corporate governance and accountability. Specifically, it analyzes the implications of cases like WeWork, highlighting the excessive control granted to founders and the potential consequences of such arrangements. The conversation underscores the need for stronger institutional mechanisms to align founder incentives with responsible leadership, amid concerns about innovation being stifled by lack of accountability.
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