Issues & Insights

2 comments

  • SEC should pass a law that only individual owners, not fund managers, can vote the shares.

    CALPRS and BlackRock violate fiduciary duty to maximize legal returns and push nebulous ESG goals.

    Similarly – shareholders should push for resolutions that bar firms from political and social commentary not directly tied to their business. Period.

  • I want less govt, not more. If shareholders don’t like what their stocks or Funds are doing then they can quit buying or holding them. The free market should take these bad actors out, not the govt. However a regulation/ law could be passed (if we had actual lawmakers who did their damn job anymore) that only direct stockholders can vote, NOT fund managers who hold stocks on behalf of investors. That seems a reasonable fix.

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