Seems to me like you’re the one ducking and running. What exactly are you doing to promote your alternative? Nothing is stopping you from entering the marketplace of ideas or the actual marketplace of commerce with your proposed structure. I have worked for 30 years to promote the rights of the institutional shareholders investing on behalf of America’s working families to promote long-term sustainable growth by recognizing obligations to stakeholders and reducing externalization and agency costs, and made significant progress in making boards more independent and effective and getting new regulations to expand shareholder rights. This is by no means perfect and there is a lot more to be done and our very success has led to corporate insiders spending millions of dollars to extinguish the progress we have made. I note again that none of this has anything to do with the subject of my original piece, which was about stock buybacks, which I assume you agree with me have been misused and distorted from their original purpose. But if you have a solution to that or any other issue of misaligned incentives, by all means, go for it, and keep me posted.

I have a rule about how many times I will correct strangers on the internet, so you can now have the last word.

Movie critic, corporate critic and shareholder advocate, critic/editor at @ebertvoices @moviemom, and #corpgov #movies and editor at @miniverpress

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