[WSJ] Elizabeth Warren: Companies Shouldn’t Be Accountable Only to Shareholders

Appreciate your explanation. Honestly, until someone does a real good analysis on why they are successful, it's all a guess. As for how the stock of the corp compare to the success of the franchisees - sure that's important, but the point remain that this corp stock return for investors over the past 10 years was phenomenal. From an investors standpoint, it doesn't matter how individual franchisees did - and I'm not knowledgeable enough there to have a solid stance, but I find it hard to believe that a corp stock doing this well would happen without the individual franchisees doing very well.

The broader point is that employees (and in this case, franchise owners, who were once employees) having a strong said so does not negatively impact investor returns. We have a few good example of the exact opposite. And it make quite a bit of sense that a corp that strongly value employee would much more likely be successful than corp that focused on productivity, streamlining, profit at all cost while treating their employees as numbers to get there.

 

Maybe a shift from accountability to government (regulations) to directly be accountable to the people is a good idea. Gov can require a structure that allow that.

 

Unfortunately, no stats. Just a general observation attained from 52 years on this planet. I'm of the mind that when the economy changes, you adapt. If you can adapt, you can thrive.