The New Corporation: How 'Good' Corporations Are Bad for Democracy

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• Supreme Court orders breakup of Standard Oil whole source

  On May 15, 1911, the Supreme Court ordered that the Standard Oil Company be broken up

• Triangle Shirtwaist Factory fire kills 146 whole source

  1911 Triangle Shirtwaist Factory fire, where 146 workers, mainly immigrant teenage girls, died

• Barlow's Declaration of Independence of Cyberspace whole source

  1996 manifesto, “A Declaration of the Independence of Cyberspace”: “Governments of the Industrial World,…on behalf of the future, I ask you…

• on August 28, . The story is retold in the “I have a Dream” speech at Histor whole source

  on August 28, 1963. The story is retold in the “I have a Dream” speech at History

• on December 17, when pro-democracy protesters took to the streets, occupie whole source

  on December 17, 2010, when pro-democracy protesters took to the streets, occupied the squares, and overthrew the government

• it had become abundantly clear that movement goals of greater democracy and whole source

  2012 it had become abundantly clear that movement goals of greater democracy and economic equality would not be realized

• Mississippi Summer Project would also shape the fate of Edwin Finley Taliaf whole source

  1964 Mississippi Summer Project would also shape the fate of Edwin Finley Taliaferro, a teenager living in Detroit who would later change hi…

• Debentureholders, 2008 SCC 69, 3 SCR 560 whole source

  1976 Debentureholders, 2008 SCC 69, 3 SCR 560

• World Economic Forum—Creative Capitalism,” Bill & Melinda Gates Foundation, whole source

  2008 World Economic Forum—Creative Capitalism,” Bill & Melinda Gates Foundation, January 24, 2008, https://www

• Budget Proposal Seriously Cuts the Nation’s Safety Net,” Vox, March 11, 201 whole source

  2020 Budget Proposal Seriously Cuts the Nation’s Safety Net,” Vox, March 11, 2019, https://www

• and 2016, the ratio of CEO pay to that of the average worker in the United whole source

  1980 and 2016, the ratio of CEO pay to that of the average worker in the United States grew ninefold, from 42 to 1 to 361 to 1 (thirty-three…

• to 2016, the share of national income going to the top 1 percent jumped fro whole source

  1980 to 2016, the share of national income going to the top 1 percent jumped from 34 percent to 47 percent

• US ends the Predict pandemic-prevention program whole source

  2019 termination of Predict, a scientific program designed to predict and prevent pandemics (the program was temporarily extended when the c…

• most large corporations were already practicing corporate social responsibi whole source

  2005 most large corporations were already practicing corporate social responsibility (CSR), and had been for years, many with well-publicize…

• was that the world’s largest publicly traded corporations began doing the s whole source

  2005 was that the world’s largest publicly traded corporations began doing the same, proclaiming that they, too, would embed social and envi…

• when Wall Street’s spectacular collapse revealed more corporate rot and pro whole source

  2008 when Wall Street’s spectacular collapse revealed more corporate rot and prompted new rounds of protest and criticism, not least Occupy…

• sustainability pledge, Walmart has added three thousand new big-box stores whole source

  2005 sustainability pledge, Walmart has added three thousand new big-box stores worldwide to the sixteen hundred it had at the time

• CEO declaration in Davos, that corporations should take over from governmen whole source

  2008 CEO declaration in Davos, that corporations should take over from governments in various public domains

• crash and officially declared bankruptcy in 2013 whole source

  2008 crash and officially declared bankruptcy in 2013

• and 2012 was claimed back by banks, including JPMorgan Chase, in the form o whole source

  2011 and 2012 was claimed back by banks, including JPMorgan Chase, in the form of penalties for having defaulted on loans

• crisis, and the fact that banks had been bailed out and no one had gone to whole source

  2008 crisis, and the fact that banks had been bailed out and no one had gone to jail—while millions of ordinary citizens lost homes, savings…

• on May 15, Colau, heeding social media calls to “take the cities, take the whole source

  on May 15, 2011, Colau, heeding social media calls to “take the cities, take the squares,” joined thousands of others in Barcelona to protes…

• and Ada Colau stands in the ornate lobby of a Barcelona bank shouting throu whole source

  2013 and Ada Colau stands in the ornate lobby of a Barcelona bank shouting through a megaphone to the crowd of activists she’s led to occupy…

• with 93 percent of the vote and vowed upon taking office to continue his fa whole source

  2017 with 93 percent of the vote and vowed upon taking office to continue his father’s work

• primary: the people chose Bernie Sanders, so that was his choice whole source

  2020 primary: the people chose Bernie Sanders, so that was his choice

• crisis,” she says, and the slogan captured her sense that representative de whole source

  2008 crisis,” she says, and the slogan captured her sense that representative democracy was failing

• Ada Colau elected Barcelona's first woman mayor whole source

  2015 Barcelona election and Colau won, becoming Barcelona’s first woman mayor

• financial collapse was a direct result of government deregulation under pre whole source

  2008 financial collapse was a direct result of government deregulation under pressure from Wall Street

• Grenfell Tower fire in London whole source

  on June 14, 2017, a fire broke out in Grenfell Tower, a twenty-four-story apartment block in London

• meltdown, for which the bank paid $13 billion in legal settlements whole source

  2008 meltdown, for which the bank paid $13 billion in legal settlements

• to announce he was leaving Microsoft, he told the audience there was much h whole source

  2008 to announce he was leaving Microsoft, he told the audience there was much he still wanted to accomplish

• when Obama was elected,” says Farhad Manjoo whole source

  2008 when Obama was elected,” says Farhad Manjoo

• candidate who truly reflected his progressive values whole source

  2016 candidate who truly reflected his progressive values

• and 2017 and projected to hit $10 billion by 2020 and $18 billion by 2025 whole source

  2010 and 2017 and projected to hit $10 billion by 2020 and $18 billion by 2025

• levels and hit zero by 2050, according to the Intergovernmental Panel on Cl whole source

  2010 levels and hit zero by 2050, according to the Intergovernmental Panel on Climate Change (IPCC), the United Nations body for assessing c…

• UN climate conference in Madrid, “is when politicians and CEOs are making i whole source

  2019 UN climate conference in Madrid, “is when politicians and CEOs are making it look like real action is happening, when in fact almost no…

• letter to CEOs, for example, Larry Fink, head of BlackRock, the world’s lar whole source

  2020 letter to CEOs, for example, Larry Fink, head of BlackRock, the world’s largest money manager (managing nearly $7 trillion in assets),…

• and 50 percent by 2050, positioning it, claims van Beurden, to “meet the go whole source

  2035 and 50 percent by 2050, positioning it, claims van Beurden, to “meet the goals of the Paris Agreement on Climate Change

• the government created a “one-in, one-out rule,” later replacing that with whole source

  2010 the government created a “one-in, one-out rule,” later replacing that with a “one-in, two-out rule” and then a “one-in, three-out rule

• meeting, set about “working through the list as needed for the 2-for-1 offs whole source

  2018 meeting, set about “working through the list as needed for the 2-for-1 offsets

• Sustainability Report,” Triple Pundit, May 26, 2014, http://www whole source

  2013 Sustainability Report,” Triple Pundit, May 26, 2014, http://www

• Full Year Results Conference Call Transcript,” at 6, Nestlé, February 16, 2 whole source

  2016 Full Year Results Conference Call Transcript,” at 6, Nestlé, February 16, 2017, https://www

• Litigation,” Expert Institute, April 4, https://www whole source

  2019 Litigation,” Expert Institute, April 4, 2019, https://www

• report highlights that in the majority of cases, improved sanitation and wa whole source

  2013 report highlights that in the majority of cases, improved sanitation and water access actually results in an increase in local water us…

• that “environmental considerations are factored into every decision we make whole source

  2014 that “environmental considerations are factored into every decision we make” and promised it would become “the world’s most environment…

• Uber has unilaterally raised its share of driver revenue from 20 percent to whole source

  2015 Uber has unilaterally raised its share of driver revenue from 20 percent to 25 percent, translating into an extra $3 billion for the co…

• On September 26, Fausto Luna, an Uber driver, died when he jumped in front whole source

  On September 26, 2018, Fausto Luna, an Uber driver, died when he jumped in front of an A train at the 175th Street station in Washington Hei…

• and more than ten times the number from 2014—which, according to Gutelius, whole source

  2018 and more than ten times the number from 2014—which, according to Gutelius, adds more work, increases pressure on workers to speed up th…

• article “The Invisible Hand of Law: Private Regulation and the Rule of Law” whole source

  2015 article “The Invisible Hand of Law: Private Regulation and the Rule of Law” in the Cornell International Law Journal

• Nestlé in Society Creating Shared Value and Meeting Our Commitments Report, whole source

  2016 Nestlé in Society Creating Shared Value and Meeting Our Commitments Report,” 3BL Media, March 7, 2017, https://www

• letter to CEOs, for example, Larry Fink, head of BlackRock, the world’s lar whole source

  2020 letter to CEOs, for example, Larry Fink: Larry Fink, “A Fundamental Reshaping of Finance,” January 2020, https://www

• and 2020 (despite the outcomes) whole source

  2016 and 2020 (despite the outcomes)

• for his book, Hired: Six Months Undercover in Low-Wage Britain, as reported whole source

  2016 for his book, Hired: Six Months Undercover in Low-Wage Britain, as reported by Emine Saner, “Employers Are Monitoring Computers, Toilet…

• list, along with Apple, Walmart, IBM, and Ernst & Young, among others) whole source

  2019 list, along with Apple, Walmart, IBM, and Ernst & Young, among others)

• budget plans bear out Stiglitz’s concerns, with projected cuts of trillions whole source

  2020 budget plans bear out Stiglitz’s concerns, with projected cuts of trillions of dollars from health care, social services, and education…

• on October 11, see the Climate Deregulation Tracker at the Sabin Center fo whole source

  on October 11, 2019, see the Climate Deregulation Tracker at the Sabin Center for Climate Change Law, Columbia Law School, http://columbiacl…

• Killing of George Floyd in Minneapolis whole source

  On May 25, 2020, George Floyd was killed at the hands of four police officers in Minneapolis

• Simultaneously published in the United States by Vintage Books, a divisio whole source

  2020 Simultaneously published in the United States by Vintage Books, a division of Penguin Random House LLC, New York Copyright © 2020 by…

• was, as the World Economic Forum described it, “renewing the concept of sta whole source

  2020 was, as the World Economic Forum described it, “renewing the concept of stakeholder capitalism to overcome income inequality, societal…