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> Related: has there been any academic investigation to how investors value votes? Apparently they don't value them very highly. Goog and Googl are only about
by dpark 11y ago
> Related: has there been any academic investigation to how investors value votes?
Apparently they don't value them very highly. Goog and Googl are only about 2% apart.
- maxerickson 11y agoWith significant insider or founder control, the other voting shares don't really have much influence anyway. Or just in a so called blue chip. What meaning does 1000 voting shares of Ford really have?
- kang 11y ago> What meaning do 1000 votes have Then why don't we ask the same in a democracy?
- beeboop 11y agoDemocracy doesn't have proxy voting when it's the public voting for representatives.
- deleted 11y ago[deleted]
- TheSpiceIsLife 11y agoBut that's exactly what a representative is: A delegate you entrust to vote on your behalf.
- maxerickson 11y agoBecause there are people that directly control millions of votes in companies and no similar structures in a democracy. The number of shares is the wrong number to reason about, it's the percentage of control that is interesting. If an individual has 51% (or more) control, the comparison to a democracy is obviously nonsense. (I used 1000 shares because it feels like a big number of shares but is still an utterly insignificant portion of Ford, which has a bit less than 4 billion shares)
- kang 11y agoSo minorities should not vote?
- maxerickson 11y agoThey should do whatever they want to do. My point is that when a situation is futile, they should recognize that it is futile. A protest vote for a board member of a company strikes me as one of the more pointless ways to exercise a right to process.
- ndesaulniers 11y agoUnlike a democracy, in the stock market you can pay to have your vote count for more than others'.
- takeda 11y agoIsn't that how democracy generally ends up working?
- ndesaulniers 11y agoBeing familiar with the US form of democracy that involves lots of lobbyist money, it would seem.
- philovivero 11y agoWhy is this comment down-voted? In democracy, you can spend money on a PR campaign to sway many millions of votes your way. And as another commenter noted, once a candidate is in place, lobbyists can pay to get proper legislation passed. Finally, voting is rigged in any place where voting computers are installed, which appears to be a lot of places. Again, for the right money, you can completely change the course of an election.
- rhino369 11y agoYou probably should. It's why I don't vote. Waste of effort.