3 ms·
>As company shareholders, BlackRock and Vanguard can vote on behalf of their clients at company shareholder meetings. Both firms also have “investment stewardsh
by jjulius 4y ago
>As company shareholders, BlackRock and Vanguard can vote on behalf of their clients at company shareholder meetings. Both firms also have “investment stewardship” functions, which enables the proxy votes.
>BlackRock’s spokesperson said the votes can also be carried out by a portfolio manager – and in some cases at BlackRock, can be carried out by the clients themselves (here).
>BlackRock and Vanguard do not “own” all the biggest corporations in the world. They invest trillions of dollars into leading companies on behalf of their clients, who ultimately own the shares.
https://www.reuters.com/article/factcheck-business-investment/fact-check-video-claiming-blackrock-and-vanguard-own-all-the-biggest-corporations-in-the-world-is-missing-context-idUSL2N2WI1K4 https://www.reuters.com/article/factcheck-business-investmen...
- sylware 4y agoSo blackrock/vanguard can "hide" their "big" investors, depending on the company "invested in", or is this public info? That said, it is actually blackrock/vanguard ppl on the boards, and often they are the biggest ones, and expecting no steering from them or the "big" investors behind would be... "unexpected". Their is also the massive debts with the gigantic interests to be paid all along the calendar year. In the case of starbucks, owners of the debts is public info or the web page is incomplete? That said, now I understand why online non-franchised/licensed starbucks stuff has the aspx file extension.