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jbarro's profile
Josh Barro
Josh Barro
Josh Barro
Verified account
@jbarro

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Josh BarroVerified account

@jbarro

Columnist for Insider. Host of KCRW's Left, Right & Center & cohost w/ @popehat of All the President's Lawyers. Instagram: @ joshbarro

New York, New York
Joined September 2008

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    Josh Barro‏Verified account @jbarro Apr 19

    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 …

    11:47 AM - 19 Apr 2021
    • 33 Retweets
    • 172 Likes
    • Michael Slana Ivan Jiron Pseudo-Voegelin D4 Larry Lurker Margo Channing Will Rosichan Brian King Reji Nath
    10 replies 33 retweets 172 likes
      1. New conversation
      2. Josh Barro‏Verified account @jbarro Apr 19

        As such, the Republican beefs about what corporations are up to are exclusively about things with no particular link to profits or shareholder value. They want to rein in executives, so long as it doesn't actually hurt owners.https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …

        4 replies 7 retweets 33 likes
        Show this thread
      3. Josh Barro‏Verified account @jbarro Apr 19

        For example, if you got firms to generally stop voicing support for progressive causes, that probably wouldn't affect aggregate profits. The stakeholders seeking those corporate statements are workers or customers, not shareholders.https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …

        4 replies 4 retweets 34 likes
        Show this thread
      4. Josh Barro‏Verified account @jbarro Apr 19

        "Woke" corporate acts might raise profits (probably not across a whole industry, so shareholders don't lose if the whole industry is dissuaded.) But people run firms. C-suites and PR shops are not immune to the suburban anti-Trump revolt. And workers and customers influence them.

        3 replies 3 retweets 31 likes
        Show this thread
      5. Josh Barro‏Verified account @jbarro Apr 19

        So actually in a way, the GOP whining about "woke capital" isn't flailing from a party that once aligned with big business. It's an expression of the view that corporations should exist to serve shareholders and other stakeholders should pipe down.https://www.businessinsider.com/woke-capital-isnt-about-capital-republicans-taxes-corporations-managers-2021-4 …

        7 replies 10 retweets 51 likes
        Show this thread
      6. End of conversation
      1. Linda aka Sheba‏ @sheba_linda Apr 19
        Replying to @jbarro

        They are inept basically, once again proving it.

        0 replies 0 retweets 0 likes
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      1. William Luddy‏ @luddy Apr 19
        Replying to @jbarro

        Might be the GOP is confused by the rich, powerful individual interests of billionaires and powerful executives vs the equally rich and powerful interests of industry and corporations which are the engines of the first two groups

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Linette Lopez‏Verified account @lopezlinette Apr 19
        Replying to @jbarro

        hm. Don't see anything about protecting shareholders in here.https://www.foxbusiness.com/politics/sen-rick-scott-work-corporate-america-backlash …

        1 reply 1 retweet 1 like
      3. Josh Barro‏Verified account @jbarro Apr 19
        Replying to @lopezlinette

        it's not that this line is about protecting shareholders, it's that it doesn't contain anything adverse to shareholders (with the possible exception of a feint at China trade policy at the end)

        2 replies 1 retweet 4 likes
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      2. Mike Mitchell‏ @MikeMitchNH Apr 19
        Replying to @mattyglesias @jbarro

        And protecting many of the mid-level workers at the big ones!

        0 replies 1 retweet 3 likes
      3. End of conversation

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