distribute, as it happens many shareholders are mom and pop investors, people who own mutual funds, ir as. in fact, the public pension funds in the groups, the lobbying group i represented, came out against jamie dimon letter, saying wait a second here, you re supposed to be serving us, the shareholders, not the stakeholders. paul: well, the brt, their response is you guys are wrong, we have put ourselves in the stronger political position because by not falling for the by pointing out the truism that corporate profits help employees, help suppliers, help the communities in which they operate, we ve now put ourselves in a stronger ground. do you buy that? from elizabeth warren s perspective, they ve already conceded the principle. now she wants to haggle the price man. that s what s going on here. paul: the principle being what should corporations should
distribute, as it happens many shareholders are mom and pop investors, people who own mutual funds, ir as. in fact, the public pension funds in the groups, the lobbying group i represented, came out against jamie dimon letter, saying wait a second here, you re supposed to be serving us, the shareholders, not the stakeholders. paul: well, the brt, their response is you guys are wrong, we have put ourselves in the stronger political position because by not falling for the by pointing out the truism that corporate profits help employees, help suppliers, help the communities in which they operate, we ve now put ourselves in a stronger ground. do you buy that? from elizabeth warren s perspective, they ve already conceded the principle. now she wants to haggle the price man. that s what s going on here. paul: the principle being what