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ESG, Corporate Governance & Future of the Firm

Shareholders at the Gate: The Increasing Pressure on CEOs for More Transparency

Joost Sijthoff
The average share of votes in favor of proposals that require corporate executives to disclose political and lobbying spending is trending up. But a...
Antitrust and Competition

"The Lack of Competition Has Deprived American Workers of $1.25 Trillion of Income"

Asher Schechter
French economist Thomas Philippon, author of the recent The Great Reversal, explains how Europe got to be better at free markets than the US and how...
Academic Capture

Uber’s “Academic Research” Program: How to Use Famous Economists to Spread Corporate Narratives

Hubert Horan
Uber's employees co-authored academic papers with brand name scholars that were then used to back the company's PR and lobbying strategy. Published in respected...
Antitrust and Competition

The Qualcomm Case: Why Protecting American Tech Monopolies Is a Big Favor to China

Matt Stoller
The FTC sued the company that monopolized the market of components for cell phones with its aggressive patent policy. However, in the technological race...
Income Inequality

The Betrayal of Populism: Why the New Far Right Is the Real Threat to Our Democracy

Cas Mudde
Much of the discussion on populism focuses exclusively on protest against the political system: the protest of “the people” against “the elite.” But elites...
Antitrust and Competition

False Claims and Propaganda: Why Uber’s Narratives Are Wrong But Successful

Hubert Horan
Uber’s narratives reduce everything to emotive battles between good and evil. If Uber’s success is inevitable, and resistance is futile, no one needs to waste...
Media

Why Michael Bloomberg’s Run for President Creates an Unprecedented Media Problem

Stefano Feltri
The first effect of Michael Bloomberg’s campaign and of his conflicts of interest is to reduce the 2020 candidates’ accountability: one of the world's...
Antitrust and Competition

Benjamin Netanyahu Sided With Israel's Oligarchs — and It Led to His Downfall

Asher Schechter
The indictment against Israel’s prime minister exposes an entire ecosystem of institutionalized corruption, one which has been in place long before Netanyahu came to...
ESG, Corporate Governance & Future of the Firm

The SEC Proposal on Proxy Advisory Firms Will Provide Greater Transparency and Accountability

David F. Larcker
Proxy advisory firms lack transparency and their recommendations are not always in shareholders' interests. However, despite their poor performance, the two biggest firms' market...
ESG, Corporate Governance & Future of the Firm

Why CEOs and Regulators Clash With the Duopoly of Proxy Advisory Firms

Stefano Feltri
Institutional investors that own between 70 and 80 percent of the market value of US public companies often rely on investment advisers voting on behalf of...
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ProMarket is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Policy.