Sen. Elizabeth Warren took Jamie Dimon and the Business Roundtable to task over the business association's August commitment to 'redefine' the purpose of a corporation.
The Accountable Capitalism Act would require companies with more than $1 billion in yearly revenue to obtain federal charters from a newly created Office of United States Corporations. It would require 40% of corporation directors to be selected by employees and add new restrictions on stock sales by directors and officers."They'll say they're going to do it on their own, and they may make some adjustments," Warren said.
Warren is in third place in national surveys after dropping behind Sanders in the polls last month. Former Vice President Joe Biden is the front-runner.
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