How about adding in something like this to corporate charters? ...
Require companies to declare their competitors on their corporate charters.
When a company wants to buy or merge with another company, their competitors get to vote on whether they can.
If a company can't list more than 10 competitors, its shareholders (not the federal or state government) should be required to break it up into multiple companies.
If a company isn't able to break itself up in a certain time frame, then the government steps in and does it.
God bless Emma Greenman. Can't say enough about the corporate charter issue. I remember hearing about corporate charters years ago, but in today's political world they seemed completely irrelevant. As I understand it, states issued mandatory charters in order to create and operate a corporation in the state. If it was the case a corporation did not comply to the charter, the charter was pulled and the corporation no longer existed in that particular state. Haven't heard, until today, anything about rejuvenating the concept. Its about time.
How about adding in something like this to corporate charters? ...
Require companies to declare their competitors on their corporate charters.
When a company wants to buy or merge with another company, their competitors get to vote on whether they can.
If a company can't list more than 10 competitors, its shareholders (not the federal or state government) should be required to break it up into multiple companies.
If a company isn't able to break itself up in a certain time frame, then the government steps in and does it.
God bless Emma Greenman. Can't say enough about the corporate charter issue. I remember hearing about corporate charters years ago, but in today's political world they seemed completely irrelevant. As I understand it, states issued mandatory charters in order to create and operate a corporation in the state. If it was the case a corporation did not comply to the charter, the charter was pulled and the corporation no longer existed in that particular state. Haven't heard, until today, anything about rejuvenating the concept. Its about time.
Great news. And another very informative episode.
Brought to mind an old, old song: https://www.youtube.com/watch?v=tN2KHeEWqZM