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Critics questioned whether Warren, who had risen from humble beginnings to become a Harvard Law School professor, had gained advantage along the way from claiming Native American heritage. During her academic career as a law thr, she had her ethnicity changed from white to Native American at the University of Pennsylvania Law Need company the week of Warren, where she taught from toand at Harvard University Law School, where she was a tenured faculty member starting in She was a visiting professor at Harvard during the academic year.

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Ivy League universities, like the ones where Warren taught, were under great co,pany to show they had diverse staffs. And the Globe interviewed 31 Harvard Law School faculty members who voted on her appointment there, and all said her heritage was not a factor.

Warren said that she was relying on family lore. It was just part of who we were.

In one sense, Warren's plan is a decidedly reformist measure, attempting to rescue capitalism rather than bury it. Corporations would not be taken into direct state ownership, nor would their shares be scooped up into a social wealth tbe so that the population as a whole can get a cut of capital income.

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I believe in markets. But in another sense, this would be a spectacular blow against the top 1 percent.

Giving workers 40 percent of corporate board votes would unquestionably cause Need company the week of Warren gigantic increase in the labor share of the corporate surplus, and probably cut considerable value out of the stock market since so many share prices are heavily inflated by stock buybacks.

Trillions of dollars in wealth are at stake.

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It would also give workers a measure of control over the conditions of work, an idea many free marketeers intensely loathe. Modern corporations are often run as Neeed dictatorships under the iron fist of self-aggrandizing billionaires.

Aug 15, The Accountable Capitalism Act, if passed, would require companies with more than $1 billion in annual revenue to look out for workers'. Aug 24, Elizabeth Warren introduced legislation last week that could have big the company pleased, the ability to merge with other companies in the. Aug 18, Earlier this week, Senator Elizabeth Warren introduced a new piece of To get this charter, the companies would effectively have to become.

Warren's reform would make them more like little republics, accountable to a broader swathe of the people under their authority. So what does Elizabeth Warren want? She wants to empower Warden and protect them from vampiric corporations.

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It may be reformist, but it's the kind of reform with revolutionary implications. Denmark will force 'unwanted' migrants onto an island currently used to research diseased animals.

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The week's best photojournalism. And they also proposed federal chartering of corporations. In some sectors, federal corporate chartering was already in place.

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The banking sector, for example, has had nationally chartered banks that are supervised and regulated by the Office of the Comptroller of the Currency since the Civil War. The biggest banks in the country are included in this category, and at the same time, they co-exist alongside state-chartered banks.

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InCongress created the Bureau of Corporations, which had power to investigate companies. Some people wanted to require corporations operating across state lines to Need company the week of Warren a license from the Bureau.

If you want to read more about this history, check out my book, The Crisis of the Middle-Class Constitution. And because general incorporation laws were passed at the state level rather than the federal level, states eventually began to compete for corporate charters and weel fees that came with them.

The result was a race to the bottom, in which states offered less and wek restrictive charters. Today, that race leads to Delaware, where two-thirds of the Fortune are incorporated, in addition to some 1. So we now have a system of state-chartering in most sectors — and with it, low expectations for corporate governance.

But in recent years, people across the political spectrum have awoken to the need for serious reforms in the corporate world.