Shareholders of the World, Unite!
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It’s no secret that Wall Street has many critics today — from without, from within, and from those on their way out. The latter case, of course, refers to Greg Smith, whose take-no-prisoners New York Times op-ed reportedly cost Goldman Sachs shareholders $2.2 billion.
According to political theorist Bruce Bueno de Mesquita, shareholders should be outraged, and they should unite to change the system from within. While de Mesquita argues that occupying a park will never reform Wall Street, if shareholders coordinate together they can make a difference because shareholders actually “do have the votes to control outcomes.”
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Follow Daniel Honan on Twitter @Daniel Honan
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