Podcast appearances and mentions of John Coates

In this episode, CII General Counsel Jeff Mahoney interviews James D. Cox, the Brainerd Currie Distinguished Professor of Law at Duke University. Cox is a member of The Shadow SEC, a recently formed independent organization of six current academics that, like the earlier established Federal Reserve Shadow Open Market Committee, is intended to provide, encourage, facilitate and distribute policy discussions and debates relating to the federal securities laws and the SEC. 

(0:00) Intro.(1:33) About the podcast sponsor: The American College of Governance Counsel(2:20) Start of interview. *Reference to prior episode with Rick (E14 from Aug 2020)(3:32) Update on Public Benefit Corporations (PBCs) from prior episode (2020)(6:00) Surge of VC investments in PBCs driven by AI startups. *Reference to E159 with David Berger on Anthropic's structure(9:48) The OpenAI Controversy (conversion from non-profit to PBC)(13:25) On Dual-Class Share Structures in tech companies(17:10) On Danone and BP as examples of shareholder activism from hedge funds.(18:57) On "Stay private vs Go Public" debate. *Reference to E157 with Tom Callahan, CEO of Nasdaq Private Market(27:17) On the current ESG/DEI backlash ("I think it's an anti-shareholder backlash")(30:52) On the current backlash against Delaware as the favored corporate home(35:26) The McRitchie v. Zuckerberg Case (firm-specific vs diversified equity investors' fiduciary duties)(46:54) On the concentration of power by institutional investors *Reference to E118 with John Coates, from Harvard Law School. Reference to Freshfield's report A Legal Framework for Impact (2021) (52:03) Looking Forward: US boards under the EU Directive on Corporate Sustainability Due Diligence.Rick Alexander is the CEO of Shareholder Commons. He is also a leading expert in public benefit corporations. You can follow Evan on social media at:X: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__To support this podcast you can join as a subscriber of the Boardroom Governance Newsletter at https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

Send us a textOn this episode of Greetings from the Garden State, I visit Burnt Mills Cider in Bedminster, NJ, and sit down with owners John Coates and Miranda Meade to talk all things cider. From their early beginnings to launching in the middle of a pandemic, Burnt Mills has built a reputation for crafting high-quality, locally sourced ciders that showcase the best of New Jersey produce.We dive into the art of cider-making, the challenges of sourcing the right apples, and how Burnt Mills uses everything from Jersey-grown blueberries to cranberries and even beets in their seasonal and flagship ciders. Plus, we sample some of their best offerings—including a cider that tastes just like a fresh apple cider donut.Whether you're a cider aficionado or just looking for a new local spot to check out, this episode is packed with insight, history, and plenty of great drink recommendations.What You'll Hear in This Episode:The history of Burnt Mills Cider and how they started in the middle of the pandemicHow cider-making differs from beer and wine productionWhy certain apples are better for cider than for eatingThe role of New Jersey agriculture in Burnt Mills' ingredientsA tasting of their flagship and seasonal ciders—including fan-favorite flavorsThe outdoor experience at Burnt Mills and why it's a great spot to visit year-roundGuest Links:Website: Burnt Mills CiderInstagram: @burntmillsciderFacebook: Burnt Mills CiderTikTok: @burntmillsciderSponsors:New Jersey Lottery – Because anything can happen in Jersey.Mayo Performing Arts Center – Your destination for live entertainment in Morristown, NJ. Visit their website.Meghan Carroll of ReMax Elite – Looking to buy, sell, or rent in Monmouth or Ocean counties? Call Meghan today at 732-508-7402 or visit mcsellsbythec.com.Connect with Us:Website: Greetings From the Garden StateInstagram: @greetingsfromthegardenstateCall to Action:Love the episode? Leave us a review, share it with a friend, and come visit Burnt Mills Cider for a taste of New Jersey's best locally crafted ciders! Support the show

Incogni is your personal data defender, safeguarding you from these digital predators. Use code GLENN at the link below and get 60% off an annual plan: http://incogni.com/glenn 1:22 The Coates debate continues 3:18 John: Coates is a beautiful writer, but … 5:44 John: … The Message is suffused with incuriosity and simplistic thinking 13:45 Glenn: […]

In this episode of Fund Selectors, host Lucy Walker interviews Ryan Hughes, Investments Director at AJ Bell. The discussion covers Ryan's 25-year career, from his early days in financial advice to building AJ Bell's investment business from scratch. Ryan shares insights into understanding liquidity, team dynamics in fund selection, and the role of culture in investment performance. They also discuss the evolution of asset management and how firms must adapt to growing pressure on fees. 0:03 - Introduction by Lucy Walker0:22 - Guest introduction: Ryan Hughes1:10 - Ryan's career journey: from financial advice to fund research2:58 - Early lessons in financial advice and pensions4:16 - The tech bubble and crash's impact on Ryan's career5:53 - Continuous learning in the investment world6:53 - Building AJ Bell's investment business from scratch10:14 - The challenge of starting with a blank slate at AJ Bell13:03 - Importance of using passive investments with active only when there's a strong case14:45 - AJ Bell's focus on passive and active allocations15:56 - How AJ Bell works with both DIY investors and advisors22:06 - Experience and track record as a key factor in selecting active managers25:05 - The evolving importance of liquidity in fund selection30:18 - Deep understanding of managers' philosophy and processes34:03 - How team dynamics affect investment decisions37:00 - Red flags in fund management: cultural and organizational issues44:46 - How active management can remain competitive49:04 - The success of investment trusts in lowering fees53:03 - Ryan's recommended book: The Hour Between Dog and Wolf by John Coates

CANNONBALL ADDERLEY “PARIS 1960” Paris, France, November 25, 1960Bohemia after dark, JeannineNat Adderley (cnt) Cannonball Adderley (as) Victor Feldman (p) Sam Jones (b) Louis Hayes (d) JOHN COATES, JR. “PORTRAIT” New York, November 17, 1955 & April 23, 1956 (1)Let's get lost, Love is the sweetest thing, Coates oats (1)John Coates, Jr. (p) Wendell Marshall (b) Kenny Clarke (d) OLIVER NELSON, f/ KENNY DORHAM “MEET OLIVER NELSON” Englewood Cliffs, NJ, October 30, 1959Jams and jellies, Passion flower, Booze blues babyKenny Dorham (tp) Oliver Nelson (ts) Ray Bryant (p) Wendell Marshall (b) Art Taylor (d) Continue reading Puro Jazz 22 de agosto, 2024 at PuroJazz.

CANNONBALL ADDERLEY “PARIS 1960” Paris, France, November 25, 1960Bohemia after dark, JeannineNat Adderley (cnt) Cannonball Adderley (as) Victor Feldman (p) Sam Jones (b) Louis Hayes (d) JOHN COATES, JR. “PORTRAIT” New York, November 17, 1955 & April 23, 1956 (1)Let's get lost, Love is the sweetest thing, Coates oats (1)John Coates, Jr. (p) Wendell Marshall (b) Kenny Clarke (d) OLIVER NELSON, f/ KENNY DORHAM “MEET OLIVER NELSON” Englewood Cliffs, NJ, October 30, 1959Jams and jellies, Passion flower, Booze blues babyKenny Dorham (tp) Oliver Nelson (ts) Ray Bryant (p) Wendell Marshall (b) Art Taylor (d) Continue reading Puro Jazz 22 de agosto, 2024 at PuroJazz.

In this bonus episode of Detailed, we share a LIVE conversation from the 2024 AIA Conference on Architecture & Design in Washington D.C.Cherise is joined by John Coates, AIA and Architectural Manager for Schluter Systems. John showcases Schluter Systems' role in manufacturing products for tile assemblies in showers, addressing issues related to transitions, membranes, and waterproofing for designers and constructors in the industry.If you enjoy this episode, visit arcat.com/podcast for more. If you're a frequent listener of Detailed, you might enjoy similar content at Gābl Media.

Kevin and Kieran look at Saudi Arabia's plans to build 11 new stadiums for the 2034 World Cup, and analyse Stoke City's decision to transfer ownership from Bet365 to John Coates. COVERED IN THIS EPISODE: - 2034 World Cup - Saudi Arabia - Stoke City - West Brom - Chelsea - Tottenham - Man City - Ticket scammers - Troyes - Salford City - Hamilton Academical Follow Kevin on X - @kevinhunterday Follow Kieran on X - @KieranMaguire Follow Producer Guy on X - @guykilty Follow The Price of Football on X - @pof_pod Send in a question: questions@priceoffootball.com Support The Price of Football on Patreon: https://www.patreon.com/priceoffootball Check out the Price of Football merchandise store: https://the-price-of-football.backstreetmerch.com/ Visit the website: https://priceoffootball.com/ For sponsorship email - info@adelicious.fm The Price of Football is a Dap Dip production: https://dapdip.co.uk/ contact@dapdip.co.uk Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices

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: the rise of the public company, how companies balance the interests of society, the 1970s disruption to corporate order, and much more.    Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive

In his recent book, "The Problem of Twelve: When a Few Financial Institutions Control Everything," Harvard law professor John Coates sheds light on the secrecy, lack of public accountability, concentrated power, and the disproportionate influence of a select few institutions in our financial system.Coates joins Bethany and Luigi to dissect the potential dangers of this era of financial consolidation and explore possible solutions, including accountability and transparency, to ensure a more equitable economic system. Specifically examining the "Big Four" index funds (Vanguard, State Street, Fidelity, and BlackRock) — that collectively hold more than twenty percent of the votes in S&P 500 companies — and the transformative rise of private equity funds, they discuss the challenges posed by concentrated financial power and its impact on markets, economies, and society at large. Show Notes:Read an excerpt of Coates' book (Columbia Global Reports) on ProMarketRevisit our earlier conversation with Hélène Landemore, referenced by Luigi in this episode"The book is available via Columbia Global Reports."    

It's the no holds barred, no beg your pardons edition as Luttsy comes off the long run criticising a suggestion from Olympics supremo John Coates that the athletics facility for the 2032 Games should be at the same stadium that hosted the 1982 Brisbane Commonwealth Games.See omnystudio.com/listener for privacy information.

Crucial crossbenchers are urging the Albanese government to stop a yearly hike to student debt set to hit almost three million Australians amid a crushing cost of living crisis. A complaint regarding a “hateful” customised licence plate seemingly glorifying the October 7 Hamas terror attacks was not acted upon – despite being made last month. Brisbane's controversial $2.7bn Gabba rebuild is dead, with powerbroker John Coates declaring the project is damaging the Olympic brand and “just doesn't stack up”. The owner of one of  10  small businesses raided by thieves during an overnight crime spree says she might “never feel safe again” after her bakery was broken into.See omnystudio.com/listener for privacy information.

Crucial crossbenchers are urging the Albanese government to stop a yearly hike to student debt set to hit almost three million Australians amid a crushing cost of living crisis. A complaint regarding a “hateful” customised licence plate seemingly glorifying the October 7 Hamas terror attacks was not acted upon – despite being made last month. Brisbane's controversial $2.7bn Gabba rebuild is dead, with powerbroker John Coates declaring the project is damaging the Olympic brand and “just doesn't stack up”. The owner of one of  10  small businesses raided by thieves during an overnight crime spree says she might “never feel safe again” after her bakery was broken into.See omnystudio.com/listener for privacy information.

Crucial crossbenchers are urging the Albanese government to stop a yearly hike to student debt set to hit almost three million Australians amid a crushing cost of living crisis. A complaint regarding a “hateful” customised licence plate seemingly glorifying the October 7 Hamas terror attacks was not acted upon – despite being made last month. Brisbane's controversial $2.7bn Gabba rebuild is dead, with powerbroker John Coates declaring the project is damaging the Olympic brand and “just doesn't stack up”. The owner of one of  10  small businesses raided by thieves during an overnight crime spree says she might “never feel safe again” after her bakery was broken into.See omnystudio.com/listener for privacy information.

Crucial crossbenchers are urging the Albanese government to stop a yearly hike to student debt set to hit almost three million Australians amid a crushing cost of living crisis. A complaint regarding a “hateful” customised licence plate seemingly glorifying the October 7 Hamas terror attacks was not acted upon – despite being made last month. Brisbane's controversial $2.7bn Gabba rebuild is dead, with powerbroker John Coates declaring the project is damaging the Olympic brand and “just doesn't stack up”. The owner of one of  10  small businesses raided by thieves during an overnight crime spree says she might “never feel safe again” after her bakery was broken into.See omnystudio.com/listener for privacy information.

Four index funds are now so large they have unprecedented, concentrated power in public companies, enabling them to exert enormous influence over our politics and economy. While the cause for concern is clear, the solution is not. Join us, as Harvard law professor John Coates shines a bright light on this serious and growing problem.“Two companies control 10 to 15 to maybe 20% of all of the stock of all the companies on all the U.S. stock exchanges.”

Melinda and Conrad put the Dreamland spin on Christmas and review three decidedly dark 80s Christmas specials featuring the dark spectre of death: The Life and Adventures of Santa Claus (1985, Rankin-Bass), The Snowman (1982, John Coates), and The Christmas Toy (1986, Jim Henson Productions).

No, it's not a novel by GK Chesterton; it's the takeover of the world's investment markets by a sinister posse of giant passive fund managers and private equity firms. These now possess the sort of political and economic power that would have made John Rockefeller green with envy. We talk to John Coates, professor at Harvard Law School and author of a new book on "The Twelve", about Blackstone, BlackRock and the rest; where the threat lies and how we should manage it. Presented by Jonathan Ford and Neil Collins.With John Coates.Produced and edited by Nick Hilton for Podot.In association with Briefcase.News Hosted on Acast. See acast.com/privacy for more information.

The American economy is once again experiencing a concentration of financial power in a few hands, but this time around the actors are much less familiar. As John Coates shows in his new book, The Problem of 12: When a Few Financial Institutions Control Everything (https://globalreports.columbia.edu/books/the-problem-of-twelve/#:~:text=When%20a%20Few%20Financial%20Institutions%20Control%20Everything&text=A%20%E2%80%9Cproblem%20of%20twelve%E2%80%9D%20arises,and%20economy%20of%20a%20nation.), the prevalence of index funds and private equity funds in public investments has grown exponentially in recent years. Coates joins host Richard Aldous to discuss how the small number of companies managing so much of Americans' wealth poses risks both to economic stability and American democracy.

0:00 -- Intro.1:26-- About this podcast's sponsor: The American College of Governance Counsel.2:13 -- Start of interview.2:45 -- John's "origin story." His time at WLRK and at the SEC.4:15 -- His focus at Harvard Law School and Harvard Business School.4:39 -- About his book THE PROBLEM OF TWELVE: When a Few Financial Institutions Control Everything (2023). Publisher: Columbia Global Reports. "Around the year 2000 [Index Funds and Private Equity Funds] began a sustained takeoff and the book is motivated to tell the story of how that happened and then more importantly what's happened since 2000 with 10-15% compound annual growth every single year for both kinds of funds which is much bigger and much faster than the economy or the capital markets or corporations.""The problem of twelve is just trying to get a catchy way to get people to understand that it's not just growth, that'd be one thing, but it's concentration."11:22 -- On "What came before: the Twentieth Century's Public Company" and the rise of private markets."Actually, the public markets have gotten bigger, even though the number of companies has fallen. It's not like they're shrinking, which sometimes is the way people talk about it. But what's different is their autonomy is declining. So in 1990, the board of a public company and its CEO were the centers of power.  If anything, the CEO was probably the most dominant player and the board was kind of a check. The shareholders were kind of out there, but they really only mattered in a hostile takeover. That was it." "[By year] 2000, 2010, and definitely today what I just described is not true. Boards are now more powerful than CEOs in general. They have a greater influence over setting strategy today.""[The] power started and ended with the CEO in the boardroom. And that really has, I think, dramatically declined and continues to decline as a way of describing how the US economic system works."15:39 -- Evolution of US boardrooms since the 1970s."I think of boards as becoming more important during that period because businesses were stumbling. As long as CEOs were successful in running their empires, I don't think the pressure to provide a different governance system would have been nearly as powerful.""Jay Lorsch at HBS wrote an early study suggesting that boards really were not doing much. Jay was very much part of the movement to get boards to be more active, because he thought that was better than the alternatives of either continued stagnation in economic activity or worse solutions, which other people were proposing."20:19 -- On the impact and evolution of Index Funds."[T]he key thing is scale. It's not as if there's like 55 different index funds all competing with each other. No, there's really just a small number of families [ie. the Big Four, BlackRock, Vanguard, State Street and Fidelity] that are achieving these scale levels. So that's the basic problem of the book.""[W]hen Jack Bogle set up Vanguard, he wasn't setting out to take over half of all the stocks in the country.  It took him 30 years just to get to 2%. It's just a side effect and so the system was not designed with that kind of concentration in mind. "[W]e're now having to go through a period where we've already started and it will continue for people as these things continue to grow and get even bigger to really rethink where should the governance power sit. Should it sit, at the board? Should it sit at the fund portfolio manager who doesn't really exist in an index fund, it's just a guy who has a list? Should it sit with a corporate governance professional that the fund advisor hires, that the fund then gives the power to? Or should it be something more complicated, some set of interactions between different people over time? And I tend to think that last thing I said is the right answer, but getting exactly the solution is hard, which is why I didn't call the book The Solution to the Problem at all, because I don't really have a perfect solution."27:12 -- On the polarization of corporate governance and the ESG backlash."If it had not been climate, which is Larry Fink's, of course, major focus that generated most of the pushback, it would have been something else." "State Street a few years ago made a point of saying publicly that if the boards that they voted for were not sufficiently diverse and they had some specific criteria, they would withhold votes from the nominating committee chair. And you can see in the data, if you look at the way boards are formed, the impact of State Street's intervention."30:35 -- On the pass-through voting initiatives."If you look at the websites that BlackRock and Vanguard and State Street all have up about what they're doing, they're not really passing the votes through or even getting close to it. They're going to let their own investors once a year pick a policy from a limited menu of policies, and then they're going to look how many people pick which policy, and then that will inform how they vote. So they're keeping the votes, but they are going to let people kind of give them an indication of more or less how to vote overall. And so that's some degree of trying to address the problem of twelve.""I think in 10 or 15 years most people will do one of three things: 1) They'll let BlackRock keep voting the way they want to, with their money, and who cares? They're just not paying attention to governance, and that's their right. They can just ignore it; 2) a group of people will be pushing BlackRock to do even more of what they're doing now, to be even more green or left or however you want to think about it; and 3) there will be another group of people who'll be pulling the other way, and then BlackRock will probably be in there, be splitting their vote to some extent on some of the more high-profile issues."On Exxon's proxy fight with Engine No.1.37:28 -- On antitrust and concentration of power in index funds. "Antitrust traditionally would just look at the activity of investment as the right thing to think about concentration and not the governance impact. That's really not part of antitrust law. That's again part of why I wrote the book to get a different focus on this. [But] there are people who want to change antitrust law, they want to take concentration in governance and somehow relate it to portfolio company concentration." "There are claims for example that the index funds caused the airlines to be more collusive than they would be anyway. Or the banks or take your pick and maybe there's some truth to that but it's kind of indirect and I think it's going to take a lot of work to make that feel like you're being directly responsive to the problem and I'm not sure it'll get there in the end.""There are also people who just want to change the basic understanding what antitrust is about, introduce politics into it again, and say this is a political problem and therefore we should use antitrust. There is a lot of resistance to that."39:39 -- On the private equity industry."The biggest PE complexes not only have equity capital that they manage, they also have debt capital. And so in a difficult interest rate environment, that's a nice place to be. You have resources that you can tap on the credit side as well as on the investment side. And so I think, again, as with index funds, we're seeing greater concentration of greater growth driven by slightly different economies of scale, but I think still real, that allow the biggest players to sort of sit at the intersection of lots of different capital market activity. And that lets them leverage the information they gather across a much bigger base [and] grow faster than their competitors. I expect the big PE players are going to continue to do better than PE overall and better than the overall economy, even if they may run into some challenges in the next few years."43:05 -- On PE driving ~25% of all M&A activity. "PE complexes in a lot of ways are sort of replacing a role that banks used to play, but without any of the regulation."46:25 -- On the governance distinctions between PE-backed companies and public companies."[PE-backed boards are often] more focused and effective.""[T]he PE world by design is with almost no public disclosure. There is disclosure sometimes of some things from the PE fund or advisor to LPs [but] the information flows [generally] are quite weak. And they're weakest in some respects around conflicts, which it should be the other way around. The conflict should be the place where the people with the equity at stake ought to be told the most and yet often that's the place where the system does not, in my opinion, live up to its billing. Part of the reason for that, it's not often appreciated that most of the money in PE funds comes from other funds, meaning, and in particular comes from pension funds who are overseen by well-meaning people, who often are honest and straightforward, but frankly are not up to, in my opinion, the task of overseeing a PE complex and their advisors. There's an industry association, the ILPA, that sort of tries to help coordinate across PE fund investors, the positions they take on disclosure and conflicts."54:58 -- On SPACs."[T]here's a lot of companies right now that are going through some difficult governance challenges in the current economic environment in which the SPAC structure and the board that it brought in might be at odds with the sponsor or other people that were associated with the SPAC.""If you're on a board or advising a board of a company that's associated with a SPAC, this is the time to really lean in about your conflicts, because the conflicts are absolutely really acute right now because of the interest rate environment."*On SPAC Law and Myths (Feb 2022).56:19 -- Books that have greatly influenced his life: City of Capital: Politics and Markets in the English Financial Revolution by Bruce Carruthers (1996)Wolf Hall by Hillary Mantel (2009)Mars Trilogy by Kim Stanley Robinson (1990s)58:38 -- His mentors: Tom Noble (College advisor and History Professor)Craig Wasserman (WLRK)1:00:14 -- Quotes that he thinks of often or lives her life by: "Without contraries is no progression." [Poet William Blake]1:00:43 -- An unusual habit or absurd thing that he loves: U.S. Soccer.1:02:25 -- The living person he most admires: Tina Fey.John Coates is the John F. Cogan, Jr. Professor of Law and Economics at Harvard Law School, where he also serves as Deputy Dean and Research Director of the Center on the Legal Profession. __This podcast is sponsored by the American College of Governance Counsel.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__You can join as a Patron of the Boardroom Governance Podcast at:Patreon: patreon.com/BoardroomGovernancePod__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

"The Hour Between Dog and Wolf: Risk Taking, Gut Feelings and the Biology of Boom and Bust" by John Coates is an eye-opening blend of finance and neuroscience that offers readers a unique insight into the world of trading. Laden with groundbreaking research and practical applications, the book delves into the physiological processes that shape our risk-taking behaviors. Coates enlightens readers on how to tune into their bodies' cues for effective decision-making, navigate the cyclical nature of markets, manage stress, and develop resilience and toughness. This book redefines the art and science of trading, teaching readers how to thrive amidst market volatility, harness gut instincts, and build psychological stamina to face the demanding world of finance.

In this WhoWhatWhy podcast, I talk with Harvard Law Professor John Coates who discusses his new book, "The Problem of Twelve," which warns against the alarming concentration of financial power in the U.S. Four index funds control 25% of the S&P 500, and along with dominant private equity firms and "too big to fail" banks, they wield outsized influence over the economy and politics. Coates argues that this lack of transparency and extreme concentration of power threatens not just the economy, but U.S. democracy itself. My conversation with John Coates: 

John Coates is a professor of law and economics and the deputy dean of the Harvard Law School. John is also the author of a new book titled, *The Problem of Twelve: When a Few Financial Institutions Control Everything,* and he joins Macro Musings to talk about it. David and John also discuss the basics and beginnings of index funds, how they may undermine capitalism, the issues with private equity, and a lot more.   Transcript for this week's episode.   John's Harvard Law School profile John's publications archive   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our new Macro Musings merch!   Related Links:   *The Problem of Twelve: When a Few Financial Institutions Control Everything* by John Coates   *House Republicans Probe BlackRock, Vanguard on Their ESG Policies* by Steven Dennis   *BlackRock Offers a Vote to Retail Investors in its Biggest ETF* by Brooke Masters

A “problem of twelve” arises when a small number of institutions acquire the means to exert outsized influence over the politics and economy of a nation. The Big Four index funds of Vanguard, State Street, Fidelity, and BlackRock control more than twenty percent of the votes of S&P 500 companies—a concentration of power that's unprecedented […]

A “problem of twelve” arises when a small number of institutions acquire the means to exert outsized influence over the politics and economy of a nation. According to Harvard law professor John Coates, the Big Four index funds of Vanguard, State Street, Fidelity, and BlackRock control more than twenty percent of the votes of S&P 500 companies—a concentration of power that's unprecedented in America. Then there's the rise of private equity funds such as the Big Four of Apollo, Blackstone, Carlyle and KKR, which has amassed $2.7 trillion of assets, and are eroding the legitimacy and accountability of American capitalism, not by controlling public companies, but by taking them over entirely, and removing them from public discourse and public scrutiny. Join us as author John Coates examines the last few decades of transformation in the American economy — and calls our attention to what is sure to be one of the major political and economic issues of our time on this installment of Leonard Lopate at Large.

In this episode, I pick some key insights from the Sporting Edge Digital Library about the effects of chronic stress and the need for recovery periods to sustain high performance. Tune in as experts share their personal experiences and insights on managing stress, prioritising well-being, and taking breaks to clear the mind.You will hear from:John Coates: former Wall Street trader turned neurobiologistAnna Hemmings: Six time world champion kayaker, two time Olympian, and now a world class keynote speakerNasser Hussain: British cricket commentator and former cricketer who captained the England cricket team 1999 - 2003Rahaf Harfoush: Digital Anthropologist and New York Times Best Selling AuthorThis conversation comes from Sporting Edge's recent online community event for our members. If you'd like to join the Sporting Edge Members Club to get 24/7 access to over 900 insights to accelerate your personal and professional development, apply the discount code PODCAST100 in the checkout here to get your first month free.Connect with JeremyContact hello@sportingedge.com LinkedIn https://www.linkedin.com/in/jeremysnape/ Twitter https://twitter.com/thesportingedgeFacebook http://www.facebook.com/TheSportingEdgeWebsite https://www.sportingedge.com/

John Coates is a Deputy Dean and Professor of Law and Economics at Harvard Law School. He has served as General Counsel and Acting Director of the Division of Corporation Finance of the Securities and Exchange Commission (SEC), testified before Congress, and provided consulting services to the Department of Justice, Department of Treasury, and New York Stock Exchange. This podcast is for informational purposes only. Guest speakers and their firms are not affiliated with or endorsed by PAS or Guardian. This material contains the current opinions of the speakers but not necessarily those of PAS, Guardian or its subsidiaries and such opinions are subject to change without notice. None of the organizations mentioned in this podcast have any affiliation with Guardian or PAS. Bryan Kuderna is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 50 Tice Blvd. Woodcliff Lake, NJ 07677 (973)244-4420. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Kuderna Financial Team is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License #OK04194 #2023-160159 Exp. 8/25   John's new book, “The Problem of Twelve:  When a Few Financial Institutions Control Everything” is now available wherever books are sold.  https://globalreports.columbia.edu/books/the-problem-of-twelve/  

Dr. John Coates, a professor at the University of California Berkeley specializes in environmental microbiology and how microbes can be utilized to resolve problems in industry.  microTalk caught up with Dr. Coates at the ASMicrobe conference in Houston and discussed his research in applied and environmental microbiology.  Dr. Coates discusses an unexpected discovery of how microbes drive the iodine cycle on earth, how sequencing microbes in the oceans has been beneficial for identifying novel biochemical activities, how climate change has stimulated his research into the “bioeconomy”, why he's optimistic that science can mitigate the effects of climate change, and how Berkeley is a remarkable place to do science. This episode was supported by miniScope, the portable keychain microscope. Participants: Karl Klose, Ph.D. (UTSA) John Coates, Ph.D. (UCSD) Janakiram Seshu, Ph.D. (UTSA) Jesus Romo, Ph.D. (UTSA)

If you like this podcast, and found it helpful, I want to invite you to come check out Grieving Moms Haven, my monthly community for Grieving moms, where you can learn positive coping mechanisms, find a safe space with others who understand, and learn life long skills that support you as you learn how to carry this weight of grief in your life.There are group coaching calls where we do guided meditations, tapping meditations, breathwork, and just talk, knowing that everyone in the group is also walking the path of child lossYou can come to check out Grieving Moms Haven at www.grievingmomshaven.comClick here for more resources and helpful tools!

Host Gary J. Ross discusses mergers and acquisitions with John Coates, Professor of Law and Economics at Harvard Law School, former partner at Wachtell Lipton, and former Acting Director for the Division of Corporation Finance and General Counsel at the SEC. Gary and John discuss trends in global M&A deals, the significance of business and legal due diligence, motives behind whether deals are structured as stock or asset purchases, M&A representations and warranties, and whether it's worthwhile to have a letter of intent in a deal negotiation.

In this brief podcast, Mark Anderson expounds on the concerns of 19 American Attorneys General (chief law officers of states) who wrote to BlackRock CEO Larry Fink over concerns that the world's top index-fund management companies are becoming too powerful and engineering the world according to a a global agenda and not for the best possible investment returns for US pensions. Out of this analysis emerges serious concerns that "Twelve Emperors"—funds including BlackRock, State Street and Vanguard—could soon rule the world in several key ways, as warned of by Harvard's John Coates and even the Financial Times. Read the write-up at: https://www.ukcolumn.org/article/19-us-attorneys-general-fed-up-with-blackrocks-brazen-efforts-to-function-as-a-private

In this episode we take you first hand to hear from John Coates a Mustang fanatic that had a very nightmare come true at a cars and coffee event that you need to hear. Make sure you are careful in your cars to not let this happen to you. Also we talk about the RPM Act and links below to sign the petition and check out Johns Instagram. In this episode we have Lance, Tom, John, Anjelika and John Coates talking about Mustangs and things that you need to think about. This is the best Mustang Podcast in the world. RPM Act link if you want to keep racing your car sign it - https://p2a.co/T9haoyFJohn Coates Instagram - https://www.instagram.com/coates216/FoxbodyFX Facebook - https://www.facebook.com/profile.php?id=100074686572974Instagram - https://www.instagram.com/foxbodyfx/YouTube - https://www.youtube.com/channel/UC8J1keu0ufh-xUIHgg7uvWAEmail foxbodyfx@gmail.com for any inquires or being on the Podcast as a guest. Thank You for listening you ROCK!!Lance

0:00 -- Intro.1:34 -- Start of interview.2:04 -- Derek's "origin story". He grew up in Chicago and graduated from WUSTL with a degree in applied math and an MBA in finance. From there he went to Capital One, "at the time it was at the forefront of making decisions with data". He then got his law degree from Stanford Law School (Class of '04). After graduating he joined WLR&K. From there he moved to hedge funds including Scoggin Capital (NY) and then Voce Capital (SF/Bay Area). In 2015, he joined Camberview Partners (now PJT Camberview) to head its activism defense practice. In 2019, he joined as a partner and co-chair of Sidley Austin's shareholder activism practice.8:03 -- On what makes Derek's practice at Sidley Austin distinctive: "this is all we do." "We've seen over 100 proxy contests over the last 5 years." 10:05 -- On this year's proxy season and activist campaigns. "We're back at pre-Covid levels, both in amount and mix of activism." "The reported campaigns are just the tip of the iceberg (many situations get resolved before they reach the public's eye)."14:30 -- The impact of COVID-19 in the activism realm: "it was a very quick slow-down."16:54 -- Why activists and companies continue to favor settlements over drawn-out proxy fights. (Per Lazard's H1 2022 Review of Shareholder Activism "[C]ontinuing 2021's trend, a historically high proportion of Board seats (91% of the 75 total Board seats won) were secured via settlement agreements."21:20 -- Activism in different size of companies (small, mid and large or mega caps). 23:13 -- Some take-aways from the Exxon Mobil case (generally): "Size is not a defense, and use of ESG by activists as a core thesis." On the influence of the large institutional investors ("only a few individuals that control a big part of the vote.") [See The Future of Corporate Governance Part I: The Problem of Twelve by John Coates, 2018). 28:53 -- On the impact of the current market downturn in activism. Targeting tech companies.32:40 -- On activism targeting tech companies that are founder controlled (sometimes with dual-class share structures.) "Independent directors play a big and important role."35:52 -- On contested M&A (hostile take-overs).38:34 -- The impact of universal proxy cards in contested director elections. [See Sidley Austin's position on this topic]42:47 -- Take-aways from shareholder proposals from this year's proxy season. 44:24 -- Take-aways for directors (generally) from this year's proxy season. "The most important thing is universal proxy and what it will do to shareholder activism: there will be a much deeper focus on skills sets of individual directors (impacting Nom-Gov committee.)" "Be your own activist." 46:22 -- On board diversity in shareholder activism.47:13 -- A book that has greatly influenced his life: "Surely You're Joking, Mr. Feynman!"  by Ralph Leighton and Richard Feynman (1985).48:45 --  A quote he thinks of often or lives his life by:  "Think for Yourself." (a Beatles song).50:07 --  An unusual habit or an absurd thing that he loves: watching 5min clips in YouTube with his kids (space and astrophysics related). From these, emerged his new favorite animal: Tardigrade.51:38 --  The living person he admires: Nate Silver (because "he's representative of somebody who uses information, evidence and data to guide decision-making.")Derek Zaba is a partner in the Palo Alto and New York offices and co-chairs Sidley's Shareholder Activism practice. He counsels companies on a variety of matters, including activism defense/proxy contests, activism preparedness, takeover defenses, shareholder engagement and corporate governance.__ You can follow Evan on social media at:Twitter: @evanepsteinLinkedIn: https://www.linkedin.com/in/epsteinevan/ Substack: https://evanepstein.substack.com/__Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License

John Coates has stepped down as president of the Australian Olympic Committee. UIPM, the modern pentathlon federation, has selected a sport to test to replace the horse showjumping discipline. The International Skating Union is set to vote on raising the minimum age limits for senior-level athletes. So much going on in the world of the Olympics this week! In our history moment, Alison explains the Unified Team from Albertville 1992. We also have news from TKFLASTANIs Teri Hedgpeth, Stephanie Roble, Maggie Shea, Joe Maloy, Tom Scott and Chloe Kim. Plus, Team USA went to the White House! And we have updates from Barcelona 1992, Beijing 2022, Paris 2024, Milan-Cortina 2026 and the 2030 Winter Games. Plus, TBach recently got a special honor. Find out what was named for him! For a transcript of this episode, please visit: https://wp.me/pbRtIx-1RM Thanks so much for listening, and until next time, keep the flame alive! ***  Keep the Flame Alive: The Podcast for Fans of the Olympics and Paralympics with hosts Jill Jaracz & Alison Brown   Support the show: Tell a friend: http://flamealivepod.com Bookshop.org store: https://bookshop.org/shop/flamealivepod Patreon: http://www.patreon.com/flamealivepod   Hang out with us online: Facebook: https://www.facebook.com/flamealivepod Insta: http://www.instagram.com/flamealivepod Twitter: http://www.twitter.com/flamealivepod Facebook Group: https://www.facebook.com/groups/312069749587022 Newsletter: Sign up at http://flamealivepod.com VM/Text: (208) FLAME-IT / (208) 352-6348  

Join Hutchy and Damo for S7 Ep 13.The Sounding Board is all thanks to Drinkwise. If you're choosing to have a drink, choose to DrinkWise.TIME CODES0.00 - The Glass Jaw Award – second nominee. Caroline Wilson7.40 – Steve Carafino calls out Nick Kyrigos for being a jerk and we discuss celebs who take things too seriously.10.11 – Hutchy's verity score is up there – tenuous links to almost unrelated stories keep popping up.14.20 - The Tassie Jack Jumpers are through to the NBL final – what a story!18.00 – Source attribution – ‘sporting insider'20.00 – Memories of having to phone a story in to file – the copy takers and the perils of the translation process. How things have changed!24.40 – Kane Cornes generates more headlines for media outlets that he doesn't work for than for those he does. He's become footy's ultimate reference point.25.20 – Scott Morrison's horrifying curry post on Facebook featuring raw chicken. Damo has a theory on it.29.40 – John Coates announces he'll stand down as the head of the Australian National Olympic Committee32.00 – Fact Check on the Sunday Footy Show.38.00 - Acknowledgement of good journalism –story by Sam Landsberger from the Herald Sun ‘Inside story: The abuse Female and non-binary footy umpires cop from both sides of the fence' is a great example. Read the story HERE.39.00 – Tom Browne Jumps the Shark.41.30 – Question of the Week for Drinkwise.Ask Hutchy and Damo a question - head to Facebook or Twitter or email thesoundingboard@sen.com.auThe Sounding Board is produced, engineered and edited by Jane Nield for Sports Entertainment Network.

On Monday morning, Gerard started the show with your Snap Judgements from another big round of footy. He then pivoted to the Monday Means Test with David King where they discussed Essendon's inability to set standards, the 'Preliminary Final Integrity' of Fremantle and Geelong, the need for a mid-season trade period, AFL games in Cairns, and more. Following the Means Test caught up with Robert Craddock where they chatted about Ben Stokes' appointment as England captain, the narrowing gap between the Wallabies and the All Blacks, John Coates' tenure as AOC president, and more. And lastly, he was joined by Wallabies coach Dave Rennie after it was announced the Bledisloe Cup would be returning to Melbourne in September.

Veteran sportswriter Robert Craddock joined Gerard to converse about Brisbane's strong performance against Sydney, the Storm's dominant run of recent form, Ben Stokes' appointment as captain of England, the narrowing gap between New Zealand and Australia in rugby union, John Coates' tenure as AOC president, and more.

Labor promises to launch a royal commission into Robodebt if it wins the election; Scott Morrison responds to claims China's timing of the Solomons deal is a form of election interference and Ian Chesterman to replace John Coates as president of the Australian Olympic Committee.

Australian Olympic Committee President John Coates says he isn't having second thoughts about stepping down after 32 years. See omnystudio.com/listener for privacy information.

RNIB Connect Radio's Toby Davey is joined again by Vidar Hjarding MBE, Inclusion and Diversity Consultant for ITV News across England, Wales, Northern Ireland and the channel Islands for the next in his regular Connect Radio audio described theatre reviews. This time Vidar was reviewing the longest running Christmas show in English Theatre history, ‘The Snowman' at the Birmingham Repertory Theatre with live audio description by Julia Grundy and Caroline Smith. This is the theatre production of the classic film directed by Dianne Jackson and produced by John Coates which was first shown on Channel 4 on Boxing Day 1982. Based on Raymond Brigg's much-loved book and featuring Howard Blake's classic song Walking In The Air, this enchanting live show has thrilled audiences throughout the world since first appearing on stage over twenty-five years ago, going on to become the West End's longest running Christmas show. When a young boy's snowman comes to life on Christmas Eve, the two set off on a night-time quest for adventure. They meet Father Christmas, dancing penguins, reindeer and crowds of The Snowman's friends, but will they escape evil Jack Frost and get back home for Christmas morning? Vidar began by metaphorically taking Toby ‘Walking in the Air' as the famous song by Harold Blake goes and he explained to Toby how a show like The Snowman, which is purely a magical Christmas dance production with no dialogue at all apart from Farther Christmas going ‘Ho, Ho, Ho' was brought to life to him through the well crafted audio description by Julia Grundy and Caroline Smith.   Sadly due to Covid restrictions there was not the opportunity of a touch tour to explore some of the 60 costumes that are used in the production including 11 alone for The Snowman.  As Vidar is a real fan of anything to do with Christmas ‘The Snowman' always features on his Christmas theatre wish list and hopefully next year when the longest running Christmas show in English Theatre returns to the Birmingham Rep there will be the opportunity for blind and partially sighted patrons to go on a touch tour to explore the costumes, props and the set of this magical production too.  (Image shows RNIB logo. 'RNIB' written in black capital letters over a white background and underlined with a bold pink line, with the words 'See differently' underneath)

International Olympics Committee vice-president John Coates, AC, joins the podcast to reveal how he masterminded the successful Games bid for Brisbane in 2032, who he thinks should be the President of the Organising Committee, and what new sports should be included in Queensland's Olympics. He also talks pole-dancing. Follow @towardthegames See omnystudio.com/listener for privacy information.

Harvard Law School professor John Coates talks about his recent roles at the SEC, first as the head of the Division of Corporation Finance, and then as the Agency’s general counsel. For years he has studied financial regulation through the lens of a scholar, and he shares with us what it was like to put […]

NSW plunged into its harshest ever Covid crackdown. The United Nations Security Council is prepared to recognise the Taliban as the legitimate government of Afghanistan. A meditation guru could apply to have alleged home invasion charges dealt with under the mental health act. John Coates has given his first interview since the Olympic flame was extinguished. For updates and breaking news throughout the day take out a subscription atdailytelegraph.com.au See omnystudio.com/listener for privacy information.

In this episode, which was recorded just before the start of Tokyo 2020, we're fondly reflecting on the true Bad Boys (and Girls) of Australian Olympic History.Sung to the theme of Billy Joel's We Didn't Start the Fire, our subjects include:"Nick D'arcy, Kendrick Monk, posing in a gun shop. Stilnox, John Coates, Cultural Review.""Steph Rice Homophobic Tweet, Michael Diamond DUI, Sally Robbins laying down, nation's on the fritz."Audio production by Tim 'T-Dog' Eldridge; graphic design thanks to Julia Edwards.Email us at haveagopodcast@gmail.com.See omnystudio.com/listener for privacy information.

We've got Gina Rinehart-levels of gold flowing in the pool thanks to Ariane Titmus and Kaylee McKeown, and a swimming team that is pleasing its AOC masters by rag-dolling socials with regular viral content.But while this may be keeping John Coates happy, what about the locals in Japan? Is there anything in the COVID marshall handbook for negotiating a gyrating white man? And why does the IOC bristle about podium trivialities, but couldn't care less about a profanity voiced by Rebecca Gibney?Once this is sorted, we talk about the ASMR-qualities of Ian Thorpe, blokes in Kathmandu puffer jackets and a repechage for Good Strong Women, before wrapping it up with daggy parents and China's tactic of conquering the West by body-shaming it's own female weightlifters.Audio production courtesy of Tim ‘T-Dog' Eldridge. Graphic design courtesy of Julia Edwards.Praise/critique/submit questions/cyber-attack us here: haveagopodcast@gmail.comSee omnystudio.com/listener for privacy information.

Welcome to Have a Go's special daily coverage of the Tokyo 2020 Games.Many thought it wouldn't happen, but through sheer determination (and water-tight contracts) the IOC have fought off a global pandemic to muscle this thing in to existence.Sport is a microcosm of society - it gives us hope and dares us to dream... or some shit - but do the Japanese even want this? Meanwhile, the athletes are under strict orders not to engage in any coital activities in the Village. What's the point of winning Gold if you can't wear your medal out on the circuit to attract women?There's already been controversies - our equestrians are on the nose beers, our tennis players are getting COVID, our basketballers getting into altercations - while our softball team invoked the Mercy Rule in their hiding at the hands of a rampant Japan. Meanwhile, the Matilda's took a noble stand against racism... only to be outdone by New Zealand yet again.Finally, AOC boss John Coates is feeling bloody hot right now after landing Brisbane 2032. How good's absolute, unchallenged power?Audio production courtesy of Tim ‘T-Dog' Eldridge. Graphic design courtesy of Julia Edwards. Praise/critique/submit questions/cyber-attack us here:  Instagram: www.instagram.com/haveagopodcast/ FB: www.facebook.com/HaveaGoPodcast Email: haveagopodcast@gmail.com See omnystudio.com/listener for privacy information.

From the Tokyo Olympics, it's episode 27 of Sport Unlocked, the podcast dissecting the week's sports news issues with interviews and insight from Rob Harris, Martyn Ziegler and Tariq Panja. We're also joined by Mike Keegan. On the agenda on July 23, 2021: What life is like at the pandemic Olympics and the challenges facing the delayed 2020 Games. The latest organising committee scandal leading to a resignation ahead of the opening ceremony. The controversy over the awarding of the 2032 Olympics and Paralympics to Brisbane and the conduct of Australian Olympic chief John Coates. Away from Japan, there's turmoil facing the Rugby League World Cup after Australia and New Zealand withdraw from the event England is due to host in October over coronavirus concerns. An update on the Premier League's court action against Manchester City in the Football Leaks fallout And cricket debuts a new format - it's the Hundred. Send any questions to the team on Twitter @SportUnlocked Check out videos from the interviews on Sport Unlocked's YouTube channel, Instagram or Twitter pages Music No Love by MusicbyAden https://soundcloud.com/musicbyadenCreative Commons — Attribution-ShareAlike 3.0 Unported — CC BY-SA 3.0 Free Download / Stream: https://bit.ly/_no-loveMusic promoted by Audio Library https://youtu.be/JgXz25Tw5d4

John Coates, the Australian Olympic Committee boss, has been slammed for the way he spoke to Queensland Premier Annastacia Palaszczuk at a press conference in Tokyo, 124 cases recorded in NSW today, heartbreaking scenes at a baseball game in the US, Amanda Keller and Megan Fox. See omnystudio.com/listener for privacy information.

The biggest story of the year is happening right now, but you won't hear a peep about it on the mainstream media.  This story negatively affects each and every one of us. Also, you won't believe what they're trying to use to impeach the President this time.  That and more on today's EBR Show with E. Brian Rose.