The federal regulatory agencies operate increasingly as a fourth branch of government, beyond the effective control of the President, Congress, and the federal courts. Their expanding authority undermines accountable constitutional government.
Business Roundtable Does a 180 on Stakeholder Capitalism in ExxonMobil Lawsuit
On Wednesday, ExxonMobil, the largest energy company in the U.S., will face yet another challenge to its leadership. The California Public Employees Retirement System (CalPERS), the largest state public pension fund in the U.S., is leading a group of pension funds to vote against all of Exxon’s directors. Glass Lewis, one of the largest proxy advisory firms...