John Coates on How a Few Financial Institutions Control Everything | MHC Ep 211

John Coates is the Deputy Dean of Harvard Law School. He has served at the Securities and Exchange Commission, and was a partner at Wachtell, Lipton, Rosen & Katz, specializing in financial institutions. He has testified before Congress and provided consulting services to the Department of Justice, the Department of Treasury, and the New York Stock Exchange. He is author of the ‘The Problem of Twelve: When a Few Financial Institutions Control Everything’. This podcast covers:
-Rise of the public company
-How companies balance the interests of society
-The 1970s disruption to corporate order
-Rise of hostile takeovers in 1980s
-Rise of index funds in 2000s
-Index funds owning large stakes in public companies
-How they exert control
-Impact of private equity
-Lack of disclosure
-Impact on politics
-Pressure on index funds
-Do investment banks matter?
-Books mentioned: The Three-Body Problem (Liu), Wolf Hall (Mantel)
You can follow John here (corpgov.law.ha..., here (clsbluesky.law..., and here (hls.harvard.ed....