Why Debunking the “Myth of Shareholder Value” is so Critical
But how? Pearlstein’s suggestion that employee discontent will ultimately drive these and other changes might be true, even if there’s little populist clamor for such measures as the FTT (apart from enlightened unions like National Nurses United).
Softening up the underbelly of the beast is equally important: CEOs must understand that getting behind these reforms is their civic duty: They will not only help shore up the broader legitimacy that corporations themselves have lost, but they’d better understand that the Occupy movement could be a faint harbinger of things to come, should they continue to shred the entire middle class.
But let’s face it: Most CEOs have no more sociological horse-sense than a Manhattan supermodel on a coke binge. Popular discontent is clearly necessary for far-reaching changes, but it will also take a well-organized movement for economic justice to drive such productive (and non-violent) changes into the system.
That’s why we have a lot of work to do to raise broader awareness of the importance of corporate reforms.