Dimon Warns Shrinking Public Markets Reduce Transparency, While TSMC Plans $65 Billion U.S. Plant
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The number of publicly traded companies in the US has shrunk from 7,300 in 1996 to about 4,300 today, largely due to private equity funds taking companies private.
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JPMorgan CEO Jamie Dimon is concerned this trend reduces transparency and could hurt investor confidence in public markets over time.
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Dimon cites increased regulations, litigation risk, short-term earnings pressure, and shareholder activism as factors driving companies away from public markets.
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Proxy advisory firms like ISS and Glass Lewis have substantial influence over shareholder votes on corporate governance issues.
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Taiwan Semiconductor Manufacturing Company (TSMC) plans to build a $65 billion semiconductor fabrication plant in Arizona with $6.6 billion in government funding.