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Predatory Value Extraction Turns the World - Dr. Bill Lazonick, UMass Economics/AIRnet, #314

The DemystifySci Podcast

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Wealth Concentration and Corporate Governance

This chapter explores the concentration of stock ownership among a small percentage of households and its implications for corporate governance, especially in major firms like Tesla. It raises critical questions about the power dynamics between CEOs, board members, and stakeholders, highlighting the tensions between executive compensation and accountability. The discussion also examines the need for reform in corporate governance, particularly in sectors like pharmaceuticals, to promote better representation and accountability for social issues.

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