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Bernie Sanders & Elisabeth Warren: The US Governance Rebels

This number must be melted on the tongue: Between 2008 and 2017, the 500 largest US corporations spent four trillion dollars on share buybacks – more than half of their profits. This makes it clear that one-sided shareholder value thinking still dominates overseas – the motto is “shareholders are fuelling instead of investing in the future”. In our opinion, the volume of share buybacks in Germany is also too high, …

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US governance: turning away from the shareholder value principle?

While the reform of the Code in Germany is a long time coming, public debates on corporate governance in the USA are in full swing. President Donald Trump, for example, urges that the obligation for quarterly reports be abolished. At the same time, the influential democrat Elizabeth Warren has presented a bill that provides for nothing less than a departure from the shareholder value principle of Anglo-Saxon character – and …

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