[lbo-talk] a question

Doug Henwood dhenwood at panix.com
Mon Nov 10 09:13:10 PST 2008


[A question from The Note, reminiscent of the corporate governance literature - when you have millions of dispersed, unorganized shareholders, management gets a free hand.]

Can you smell the conflicts coming? "Interest groups are furiously drawing up wish lists for the incoming Obama administration, many of them hoping to cash in on the investments they made -- in volunteers, political support, and campaign contributions - in Obama's commanding win," The Boston Globe's Scott Helman writes. "But given the nature of Obama's victory, which was propelled more by a grass-roots army of millions than by traditional Democratic constituencies, is the president-elect really indebted to anybody?"



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