U.S. Sen. Baldwin: Reintroduces legislation to rein in stock buybacks and give workers a voice on corporate boards

By Sen. Tammy Baldwin, press release

“Today, U.S. Senator Tammy Baldwin reintroduced legislation to rein in corporate stock buybacks and empower workers to have a say in how their company’s profits are spent.

The Reward Work Act would ban open-market stock buybacks that overwhelmingly benefit executives and activist hedge funds at the expense of workers and retirement savers. It would also empower workers by requiring public companies to allow workers to directly elect one-third of their company’s board of directors.”…

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