• Gautum Makunda


The Price of Wall Street’s Power. Gautam Mukunda, June 2014, Opinion. "Over and over again, executives make decisions that aren't in their companies' best interests, in response to pressure from Wall Street. Though many believe this happens because firms have a "fiduciary duty" to maximize shareholder returns, U.S. executives do not, as a matter of law, have any such obligation. Yet it's hard for them to resist demands from a quarter that has amassed such a huge and disproportionate share of power. In the past few decades, as legislation that put controls on Wall Street was..." May require purchase or user account. Link Verified October 11, 2014