What America Can Learn From Ghosts of Our Political and Corporate Past

George Wallace was the former governor of Alabama, a staunch segregationist and devout racist. He gained fame for protecting white supremacy by blocking the entryway of the University of Alabama and defying federal government orders to desegregate. He thrived in the days before the emergence of coded chants and dog-whistle racism; he was proud and loud in his rants and taunts.      

Today, George Wallace’s ghost takes many forms. Sometimes it appears as a shareholder activist, waging proxy...