This is what is called a ruse, fit only for the rubes, people who believe Krugman and Stiglitz have any idea what they are speaking about, especially that central bank lobbyist, Krugman!
No, shareholder activism is a complete crock, and the author will not be explaining that when the TNEC was established in congress during the FDR administration, it led to a lawsuit filed against the 17 Wall Street investment firms which appeared to own the majority of major corporations in America back then [concentration of ownership], the last action instigated by FDR prior to his death while in the White House, quashed during the Eisenhower Administration by Judge Medina, who sentenced anyone to jail for being a socialist.
Today, ONLY four investment firms are the majority shareholders in the majority of major corporations: Vanguard Group, BlackRock, State Street and Fidelity [FMR LLC], but the author will never tell us this!
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