SEC Commissioner Robert Jackson: CEOs are not royalty, and dual class stock should not last forever

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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

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