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I dont understand why congress doesnt just mandate that voting rights go to the ultimate owner in index funds, no the management firm. Would be a pretty simple
by tryptophan 4y ago
I dont understand why congress doesnt just mandate that voting rights go to the ultimate owner in index funds, no the management firm. Would be a pretty simple fix.
- Consultant32452 4y agoI understand why.
- erik_seaberg 4y agoHow many retail investors would be prepared to intelligently vote a handful of shares in ten different companies each week? Just digesting all their annual meetings sounds close to a full-time job. If I care a lot more about a handful of companies, I’d probably hold their shares myself.
- cromka 4y agoSounds like catch-22 either way. Certainly an interesting problem.
- Consultant32452 4y agoThere's no incentive for Congress to remove power from their donor class. You have to solve that problem first, then you can worry about how the implementation works for the peasants.