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It's really odd that it takes "activist" investors just to elect some board members. It seems shareholders should have a much easier time just proposing a few n
by pedrocr 5y ago
It's really odd that it takes "activist" investors just to elect some board members. It seems shareholders should have a much easier time just proposing a few names to the board and have everyone vote on them. It's so odd that management, that in theory serves at the pleasure of the shareholders, can influence this process quite so much.
- alisonkisk 5y agoYour solution is... activist investors, opposite of passive investors who don't propose names.
- pedrocr 5y agoActive investing and activist investors are not the same thing. And passive fund managers do vote their shares as has happened here. There's nothing stopping them from proposing board names as well.