John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
Macro Musings with David Beckworth
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The Rise of Index Funds and Private Equity in Corporate Governance
This chapter delves into the changes that have occurred in corporate governance with the emergence of index funds and private equity. It explores their growth, impact, and concentration of control over companies. The chapter also discusses the controversy and influence of these funds in the economy and politics, highlighting their involvement in proxy battles and the shaping of political debates and outcomes.
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