Abstract
Video abstractIn this essay, I discuss the problems associated with the rise of institutional investors and the concentration of stock ownership. I seek to answer the question, What\t\t\t\t\t\t\tis the public interest that the modern corporation should serve? I provide solutions for achieving a modern capitalism that place fiduciary duty and the public interest first. \t\t\t\t\t\t\tDisclosure: The views expressed in this essay are solely those of the author and do not necessarily represent the opinions of Vanguard’s present management.Read the transcript
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