BourbonicPlague on Nostr: That has nothing to do with shareholder voting. The people who manage other ...

That has nothing to do with shareholder voting.

The people who manage other people’s money should not be able to control corporate boards the way they do. AUM should not equal votes under management the way they currently do.

All these fund managers should be treated like a broker at a minimum and the beneficial owners should either retain their votes, or be disenfranchised entirely due to their lack of commitment. I’d prefer the people who don’t care enough to manage their own investments be disenfranchised, because fuck them. But at a minimum, fund managers should be forced to act as proxies the way brokerages are.