A New Way to Be Out of Compliance


(Paul Ojanen) #1

Trying to become the new host for hot IPOs…

LTSE seeks to transform the structures of the public market, allowing companies to realize their full potential as businesses and citizens.

https://ltse.com/

Because private companies are inherently bad?

Their stated main theme is to support long-term planning. They explained the evils of “short-termism” to the SEC. They make some good points, and then propose way too many arbitrary and particular rules trying to enforce their reasonable (so far) goals on how to run a business…

And your company will be fattened. Long-term planning the right way will be rewarded with “long-term personal investment” from THE PUBLIC.

But, wait, there’s one more set of rules to “increase greater accountability for the behaviors that create long-term value,” such as environmentalism, community, and of course, diversity. Was this ever really about business? They forgot slavery! https://www.visaeurope.com/about-us/corporate-responsibility/uk-modern-slavery-act-transparency-statement

No politics, no religion. But policies and ethics and behaviors and standards. Your company will be “rewarded for making smart choices.”

Don’t worry, it’s “optional.” Totally optional. No pressure.

LTSE seeks to transform the structures of the public market, allowing companies to realize their full potential as businesses and citizens.

Compliant companies make for hot IPOs.

What this group is actually petitioning the SEC for is a new listing where companies can get booted if found wanting in diversity, among other things. Now getting delisted isn’t just about being financially unsound. It’s about being a short-termist, or whatever.

Want to become one of their “visionaries?” Fly-over-staters need not apply on the career page. They’re looking for “true team players who are…comfortable working with the culture of both coasts.”


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