Institutional investors vote with the board as a matter of policy.
What that 65% actually is, is money from average Americans’ retirement accounts that has been aggregated into index funds instead of individual stocks. That means those individual investors are disenfranchised from voting their shares.
That 65% doesn’t dilute Bezos’ power; it inflates it at the expense of the “little people.” You’re making the opposite of the point you think you’re making.
“Pass through” voting for stocks held through mutual funds is yet another reform that we need but aren’t getting because of oligarchy.
Institutional investors vote with the board as a matter of policy.
What that 65% actually is, is money from average Americans’ retirement accounts that has been aggregated into index funds instead of individual stocks. That means those individual investors are disenfranchised from voting their shares.
That 65% doesn’t dilute Bezos’ power; it inflates it at the expense of the “little people.” You’re making the opposite of the point you think you’re making.
“Pass through” voting for stocks held through mutual funds is yet another reform that we need but aren’t getting because of oligarchy.
Fascinating. Thanks, hadn’t heard of this.