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Saturday, July 23, 2016

The incredible shrinking market of publicly-traded companies

An interesting summary of a secret meeting between corporate giants (Berkshire, Blackrock, GM, GE, etc), arranged by Jamie Dimon of JPMorgan Chase, to discuss the state of public companies, board compensation, and corporate governance. From 1996 to 2012 the number of US-based public companies fell 50% from 8,025 to 4,101. At this secret meeting, participants tried to discuss the potential causes and effects from the phenomenon.

https://www.nytimes.com/2016/07/21/business/dealbook/ceos-meet-in-secret-over-sorry-state-of-public-companies.html