Nasdaq CEO Adena Friedman says investors hold an 'enormous amount of influence' when it comes to making companies tackle issues like social injustice and economic inequality
Friedman explained how "cooperative capitalism," which embraces partnerships between the private and public sectors, is a key to tackling economic disparities.Friedman urged firms to bring back equity ownership, a benefit that allows employees to own shares in their company. According to a, roughly half of Americans are not invested in the stock market.
"If you do that [equity ownership] across all companies, then that spreads that opportunity for wealth creation to a much broader part of the population," she said. The coronavirus crisis has presented an opportunity for companies to find more flexible ways for employees to work and ultimately contribute to a better work-life balance, she added.
Friedman, who serves on the board of directors at the Federal Reserve Bank of New York, added that companies should not give up on globalization despite"It's a shame if we really abandon the global ecosystem we've created because it has actually created jobs all over the world; it's lifted a lot of economies around the world; it's made us global citizens; and in many respects up until recently, I would say, it's really allowed the world to operate in a more unified...
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