Fannie Mae-No Politics (FNMA)

[FOFreddie]

Yes - she could not get Senate Confirmation.

Here is her manifesto:

https://democracyjournal.org/magazine/a-new-social-contract-for-the-21st-century/

Quote:

Instead of maximizing shareholder value, companies need to rewrite their corporate charters so they value more stakeholders. In other words, let’s reform corporate governance so that the mission of companies is to focus on workers and their communities, as well as shareholders. Senator Elizabeth Warren has proposed an Office of United States Corporations within the Department of Commerce. She would require any corporation with revenue over $1 billion—only a few thousand companies, but a large enough share of overall employment and economic activity—to obtain a federal charter of corporate citizenship. The charter would tell company directors to consider the interests of all relevant stakeholders—shareholders, but also customers, employees, and the communities in which the company operates. This would shift the role of companies away from shareholder-focused entities to organizations with some responsibility to the country and its citizens who provide them with so many benefits. A company that focuses beyond its shareholders to its employers and community is more likely to think of its workers as critical assets and not disposable costs, hold on to employees longer, and perhaps increase wages rather than cut them.