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baseballcrank's profile
Dan McLaughlin
Dan McLaughlin
Dan McLaughlin
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@baseballcrank

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Dan McLaughlinVerified account

@baseballcrank

Senior Writer @NRO. Reaganite, Catholic, Mets fan, ex-lawyer. Opinions 100% my own, but you can share them. Not the Cardinals broadcaster.

New York
nationalreview.com/author/dan-mcl…
Joined May 2009

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    Dan McLaughlin‏Verified account @baseballcrank Apr 19

    Dan McLaughlin Retweeted Josh Barro

    Which is a principled distinction. Much of the behavior of woke capitalism is a matter of corporate managers misusing the assets entrusted to them for purposes other than benefitting the shareholders.https://twitter.com/jbarro/status/1384217004488335365 …

    Dan McLaughlin added,

    Josh BarroVerified account @jbarro
    The GOP says it's mad at corporations even as it protects shareholders from taxes. But that's the thing: Firms aren't their shareholders. The GOP's "woke capital" beef isn't with capital, it's with *managers* & the workers and customers who influence them. https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …
    Show this thread
    11:52 AM - 19 Apr 2021
    • 16 Retweets
    • 63 Likes
    • SJ on Nantucket Bassaces MasterThief, Veni Meteora Magna Paul Kempf Deany717 HafeedAleppo You Should Have Voted For Jo little dog Michael Burmeister
    13 replies 16 retweets 63 likes
      1. New conversation
      2. Warren Porter‏ @Warp_Reality Apr 19
        Replying to @baseballcrank

        Attracting superior talent to a company doesn't benefit shareholders?

        3 replies 2 retweets 6 likes
      3. Dan McLaughlin‏Verified account @baseballcrank Apr 19
        Replying to @Warp_Reality

        Aggressive partisanship & stifling ideological conformity drive away at least as many people as they attract.

        6 replies 1 retweet 5 likes
      4. Show replies
      1. sam freel  🧦‏ @samfreel Apr 19
        Replying to @baseballcrank

        Ah Milton Friedman line, where literally any corporate action that does not benefit shareholders is immoral. Ofc, according to him that included trying to pollute less, any concessions to labor, or attempting to hire minorities. Is that your position?

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Josh Barro‏Verified account @jbarro Apr 19
        Replying to @baseballcrank

        I think there are three things execs might be doing. These actions might generate profits. They might be serving the interests of other stakeholders, like workers and customers (independent of how that affects profits). Or they might be doing what they personally prefer.

        2 replies 3 retweets 11 likes
      3. Josh Barro‏Verified account @jbarro Apr 19
        Replying to @jbarro @baseballcrank

        Nobody is going to defend the view that executives should use the company as they personally see fit. But why shouldn't a firm sometimes balance the interests of workers or customers against those of shareholders?

        5 replies 3 retweets 13 likes
      4. Show replies
      1. New conversation
      2. midwestconservative‏ @MWC_RS Apr 19
        Replying to @baseballcrank

        This assumes shareholders arent supportive of management If they were opposed they could remove managers. They have chosen not to.

        1 reply 0 retweets 1 like
      3. RadicalizedCentrist‏ @RadicalizedJ Apr 19
        Replying to @MWC_RS @baseballcrank

        And....shareholder like their voting rights.

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. ElectionsData‏ @ElectionsD Apr 19
        Replying to @baseballcrank

        Do you think Blackrock and CalPERS are upset by this development? I don't think so.

        0 replies 0 retweets 0 likes
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      1. ed‏ @efs120 Apr 19
        Replying to @baseballcrank

        Business judgment rule protects them. Good luck getting a Delaware court to say a bland statement supporting voter rights is actually corporate waste and misuse of assets.

        0 replies 0 retweets 0 likes
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      1. Merkin Muffley‏ @MerkinMuffley5 Apr 19
        Replying to @baseballcrank

        It's not principled when you couple it with pretend populism.

        0 replies 0 retweets 0 likes
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