SEC Commissioner Robert Jackson: CEOs are not royalty, and dual class stock should not last forever
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.
Robert Jackson, commissioner, US Securities and Exchange Commission
Kara Swisher (@karaswisher), Recode co-founder and editor-at-large
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