How to Steal Wealth From Workers — With the Best of Intentions (w/ Zohar Goshen)
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Show Notes
Columbia University Law Professor Zohar Goshen joins to discuss his provocative new theory about the root causes of American income inequality. His upcoming publication (co-authored with Prof. Doron Levit) goes beyond the traditional explanations — globalization, automation, taxation — and pushes against a few of Wall Street’s sacred bulls. He also puts forth a pretty nifty solution — one that will never, ever happen, of course.
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On the agenda:
* Corporate Governance 101 [6:29]
* Born in the 80s: shareholder primacy and income inequality [13:25]
* The conventional inequality explanations [19:10]
* What went wrong: the pension problem [27:56]
* Strong governance is good [37:25]
* Strong governance is bad (the Steve Jobs story) [39:38]
* The consequences: Capital gains, workers' loss [46:25]
* Why changing corporations won't work [1:01:01]
* The big break up we need - and is never gonna happen [1:07:42]
* The 2008 financial crisis vs today's [1:16:03]
* On ESG - Let's rethink that G [1:25:50]
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