January 1, 2019

WELL, IF “POLITICALLY RESPONSIBLE” MEANS LEFTIST-SUPPORTING: Corporations are finding their politically responsible side.

I would favor a return to the old days, when spending shareholder money on things other than profit-maximizing was treated as a breach of fiduciary duty. “Activists” worked hard at undermining that a century ago, with predictable results.

You could accomplish a lot of this via tax laws and regulations, I suspect. You know, if there were anyone in the Trump Administration who wanted to.

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