Robert Jackson, one of the five commissioners on the Securities and Exchange Commission, talks with Recode's Kara Swisher about how the SEC works and the problem with perpetual dual-class stock at companies like WeWork, Facebook, and Google. Jackson also explains why he opposes two proposed rule changes that would make it harder for activists to challenge a CEO's power, why the NYSE and Nasdaq are not willing to be part of the solution, and how new legislation could fix the dual class dilemma. Plus: Why Jackson is not happy that the SEC settled with Tesla CEO Elon Musk.
Read a full transcript of this interview here.
Featuring:
Robert Jackson, commissioner, US Securities and Exchange Commission
Hosts:
Kara Swisher (@karaswisher), Recode co-founder and editor-at-large
More to explore:
Subscribe for free to Reset, Recode's new podcast that explores why — and how — tech is changing everything.
About Recode by Vox:
Recode by Vox helps you understand how tech is changing the world — and changing us.
Follow Us:
Newsletter: Recode Daily
Twitter: @Recode and @voxdotcom
Learn more about your ad choices. Visit podcastchoices.com/adchoices