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It's only ineffective because it hasn't been tried at scale. If you can co-ordinate enough voters to move an election, you can co-ordinate enough money to influ
by FredPret 5y ago
It's only ineffective because it hasn't been tried at scale. If you can co-ordinate enough voters to move an election, you can co-ordinate enough money to influence corporate governance.
A lot of AGMs are simply rubber-stamping exercises (look at how many directors are voted in again and again with 80-95% of the vote?!) It does not have to be this way.
You don't have to literally own Amazon to change their ways - in theory you can buy one share and ask some pointed questions at the AGM. If the other shareholders see that change is in their best interest, they will vote accordingly. Sadly, most are asleep at the wheel.
- is_dang_erect6 5y agoWelp, american “capitalism” has officially jumped the shark. Jk it jumped a long time ago. But this is great stuff.
- pjerem 5y agoI think you missed my point. If this misbehaving is a competitive advantage, you will have a hard time convincing shareholders that they must stop.