The past decade wasn’t kind to America’s investors. So why not turn the table and make the 2010s the “decade for the shareholder”?
Investors were riding the dot-com wave from the 1990s when that bubble burst in the second quarter of 2000. Stock prices plummeted. Investors fled the markets and new public offerings began a precipitous decline to a level that remains today. That was just the beginning; on Dec. 3, 2001, Wall Street darling Enron declared bankruptcy, followed closely by the demise of WorldCom, Global Crossing, and many others. Investors, including their employee shareholders, were devastated.
Congress responded by passing the ...