Rare Earths, Boeing Warning, Recession Warning: CEO Daily for May 29, 2019

Worker Ownership

Bernie Sanders is formulating a plan that would force large businesses to put some of their stocks into an employee-controlled fund, so workers would get regular dividends. He also wants corporations to give workers seats on their boards—an idea that’s already been proposed by Elizabeth Warren, and that is commonplace in Germany. Washington Post

China Currency

The U.S. Treasury Department held back from labelling China a currency manipulator in its latest foreign exchange report, though the country is still on the watchlist for meeting some criteria, alongside Japan, South Korea and Germany, plus new additions Ireland, Italy, Vietnam, Singapore and Malaysia. India and Switzerland are off the latest watchlist. Bloomberg

Digital Currency

Central banks such as that of Sweden may be exploring the possibility of issuing official digital money, but Germany’s central bank chief is skeptical. Bundesbank president Jens Weidmann warned that the development could exacerbate bank runs in crisis situations, and introduce volatile demand. After all, if interest rates are low and you have digital money, why keep it in a commercial bank account? Reuters

Tory Business

British Health Secretary Matt Hancock is one of the many people running to succeed Theresa May at the helm of the Conservative Party (and the U.K.,) and he’s pitching himself as the pro-business candidate. Referring to Boris Johnson’s infamous “f*ck business” comment, reportedly made in response to industry’s concerns over the impact of a no-deal Brexit, Hancock offered this to the Financial Times: “f*ck, f*ck business.” If nothing else, the British asterisk sector has a rosy future. FT

This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.

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