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He sort of glossed over how valuable it is for Fidelity (or others) to get to control so many shares for voting purposes.
by kolbe 8y ago
He sort of glossed over how valuable it is for Fidelity (or others) to get to control so many shares for voting purposes.
- jmcgough 8y agoHow much power have companies like vanguard exercised in this situation? I thought the problem with vanguard was that they didn't care about the outcome of individual companies and so would vote for maintaining the status quo.
- insaneirish 8y agoHe's written about index funds and voting before: https://www.bloomberg.com/view/articles/2018-01-30/iss-tells-investors-how-they-want-to-vote https://www.bloomberg.com/view/articles/2018-01-30/iss-tells... https://www.bloomberg.com/view/articles/2015-07-22/index-funds-may-work-a-little-too-well https://www.bloomberg.com/view/articles/2015-07-22/index-fun...