SEC Commissioner Robert Jackson: CEOs are not royalty, and dual class stock should not last forever
Description
Robert Jackson, one of the five commissioners on the Securities and Exchange Commission, talks with Recode's Kara Swisher about how the SEC works and the problem with perpetual dual-class stock at companies like WeWork, Facebook, and Google. Jackson also explains why he opposes two proposed rule changes that would make it harder for activists to challenge a CEO's power, why the NYSE and Nasdaq are not willing to be part of the solution, and how new legislation could fix the dual class dilemma. Plus: Why Jackson is not happy that the SEC settled with Tesla CEO Elon Musk.
Read a full transcript of this interview here.
Featuring:
Robert Jackson, commissioner, US Securities and Exchange Commission
Hosts:
Kara Swisher (@karaswisher), Recode co-founder and editor-at-large
More to explore:
Subscribe for free to Reset, Recode's new podcast that explores why — and how — tech is changing everything.
About Recode by Vox:
Recode by Vox helps you understand how tech is changing the world — and changing us.
Follow Us:
Newsletter: Recode Daily
Twitter: @Recode and @voxdotcom
Learn more about your ad choices. Visit megaphone.fm/adchoices
At the absolute most basic, Dropbox is cloud storage for your stuff — but that puts it at the nexus of a huge number of today’s biggest challenges in tech. As the company that helps you organize your stuff in the cloud itself goes all remote, how do we even deal with the concept of “your...
Published 04/15/24
Today we’re talking about Vice, the media company: Where it came from, what it did, and, ultimately, why it collapsed into a much smaller, sadder version of itself.
This is a lousy time for digital media, and it’s hard to make a profit from putting words on the internet right now. So when Verge...
Published 04/11/24