Many economists, Hayek among the first, define socialism as central planning. Here's an instance of socialism creeping into centrally planning private businesses.
A new California law, if passed, could force companies like Facebook, Tesla and Alphabet to add more women to their boards
A new bill in California — the first of its kind in the U.S. — could force major companies, including many household-name tech firms, to bring more women to the boardroom.
Bill SB-826, which passed California’s state congress a few weeks ago and is now on Governor Jerry Brown’s desk, would require all public companies with principal executive offices in the state to have a minimum number of women on their boards — proportionate to the total number of board members — within the next few years.
For some major tech companies, including Alphabet, Facebook, Intel, Snap, Apple, Tesla and Yelp, this means that they’ll have to add at least one more female board member by 2021 to meet the bill’s quota. It requires boards with five members to have at least two women, and boards with six or more members to include at least three....
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