Over the last five years he’s been quietly developing an alternative called the Long-Term Stock Exchange (LTSE). There are several key differences between the LTSE and a traditional stock exchange. First, shareholder voting power will be based on tenure. The longer you hold a stock, the more influence you’ll have. Second, the exchange will require that listed companies have specific ties between executive pay and long-term performance. And finally, additional disclosure requirements will increase transparency in both directions between shareholders and management.
