Private binding arbitration clauses don't just screw consumers and employees. They also hurt investors -- including the people who just have their pension and retirement savings in 401(k) plans or other retirement savings plans -- because private binding arbitration is how corporate managers prevent anyone from knowing how badly they are screwing up and mistreating people (customers, employees), which creates huge liabilities. If you're an investor, you should tell your companies to stop giving management cover for wasting investors' money -- tell them to stop using private binding arbitration clauses, so that you have a way to keep an eye on your money.
"Think about it. If American Apparel and Mr. Charney had been subject to public lawsuits, how long could have Mr. Charney lasted?"
"Think about it. If American Apparel and Mr. Charney had been subject to public lawsuits, how long could have Mr. Charney lasted?"
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