IT BEGINS: Elizabeth Warren Introduces ‘ACCOUNTABLE CAPITALISM ACT’

IT BEGINS: Elizabeth Warren Introduces ‘ACCOUNTABLE CAPITALISM ACT’

IT BEGINS: Elizabeth Warren Introduces ‘ACCOUNTABLE CAPITALISM ACT’

Firebrand Senator Elizabeth Warren introduced new legislation this week; unveiling her ‘Accountable Capitalism Act’ that seeks to make the nation’s largest companies “more accountable” to local communities than “shareholders.”

Warren revealed her potential 2020 campaign promise in an op-ed published by the Wall Street Journal, where the left-wing legislator slammed the country’s biggest corporations for not treating their employees as “priorities.”

“That shift has had a tremendous effect on the economy,” she wrote. “In the early 1980s, large American companies sent less than half their earnings to shareholders, spending the rest on their employees and other priorities.”

“But between 2007 and 2016, large American companies dedicated 93% of their earnings to shareholders,” Warren added.

“To give employees, communities and other stakeholders a leg up, her bill would require companies with more than $1 billion in annual revenue to obtain a federal corporate charter. That charter would require corporate directors to ‘consider the interests of all major corporate stakeholders—not only shareholders—in company decisions. Shareholders could sue if they believed directors weren’t fulfilling those obligations,’” writes the Washington Examiner.

Read the full story here.

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