Bridge over ocean
16 April 2018 Financial Analysts Journal Volume 74, Issue 3

The Modern Corporation and the Public Interest

  1. John C. Bogle

In this essay, I discuss the problems associated with the rise of institutional investors and the concentration of stock ownership. I seek to answer the question, What is the public interest that the modern corporation should serve? I provide solutions for achieving a modern capitalism that place fiduciary duty and the public interest first.

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