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The ceo of Starbucks is Howard Schultz one of the long time people associated with Starbucks. This is his third time being CEO including the period that made S

The ceo of Starbucks is Howard Schultz one of the long time people associated with Starbucks. This is his third time being CEO including the period that made Starbucks a household name and when it went public. He’s not at all associated with Vanguard or Blackrock. The next CEO was chosen by the board in a very public CEO search. Laxman Narasimhan has the pedigree you’d expect from someone picked for that role including being a ceo of a big company and a long stretch at Pepsi. Perhaps you can be specific about what you think Vanguard or Blackrock did as part of this process that caused a three time ceo & founder of Starbucks to be chosen as the interim and then followed by what appears to be a highly qualified candidate?

sylware 4y ago
I stand corrected, msft CEO is "just a member" of starbucks board of directors, not the CEO and I checked Pepsi, it is vanguard/blackrock own company. All that is a "small small world".
- kasey_junk 4y ago
  Vanguard and Blackrock buy companies as part of their size in the market. Literally a published equation. By definition if a company is a large part of the public markets they will own a big portion of it. In Vanguards case, that ownership is a direct pass through to the people buying into those indexes. Do the ultimate ownership is dispersed. Do you have any point other than “big index funds own the correct percentage of the market they index?”
  - sylware 4y ago
    It is extremely simple: biggest share holders have a significant weight at deciding who are directors on the board (then the management teams), and those are usually their ppl. This is not rocket science.
    - tptacek 4y ago
      As you write more about this, you don't manage to make it sound less like a conspiracy theory. But that's helpful; I know how to interpret what you were saying upthread now. Thanks for responding.
      - sylware 4y ago
        The major share holders are the ones deciding on directors and management teams and if you think this is a conspiracy theory, cannot do much more, thx for listening.
    - kasey_junk 4y ago
      Ah I see. In that case, Tesla has 4 board members that come from companies with large ownership percentages by Blackrock/Vanguard. Robyn Denholm came from Jupiter networks, Vanguard owns ~11%. James Murdoch came from Fox. Vanguard owns ~7%. Joe Gebbia was an Airbnb founder, vanguard owns ~6%. Kathleen Wilson-Thompson is a long time Walgreens exec, Vanguard owns ~7% So no, that doesn’t seem to be the difference.
      - sylware 4y ago
        It has to be the major share holders, or they cannot push their ppl at the head of the company and steer it strongely the way they want. And it seems that some of those ppl can be members of several boards at the same time. On the companies I had a look at, vanguard + blackrock is usually ~30% and both are usually the biggest share holders. For instance, amazon, vanguard + blackrock are not in control because, one, there is the azur fund which has a bigger part, two, JB has a massive part of the shares, JB is explicitely in control here. What I could read from the net vanguard and blackrock are still small in tesla compared to musk, so until he sells to them most of his shares, he is still the capitain on board. In the end, we cannot tell if musk is one of them.
        kasey_junk 4y ago
        Can you sight which companies where Vanguard + Blackrock is more than 30% of the ownership? That would require a few things a) they be very big components of the index b) they’d have to be in several very popular indexes. Structurally that would be huge Nasdaq listed firms. That would get them into the us total market indexes, s&p 1000/500 indexes and the Nasdaq/qqq indexes. That’s literally just going to be Amazon, Apple, Msft, Alphabet & Meta. Vanguard/Blackrock own no more than 12% combined in any of those companies and the range is between 9-12% for all of them. A 30% ownership stake would be structurally strange. There is also a pretty major flaw in your conspiracy theory. Vanguard and Blackrock are competitors… Do you have a threshold for what counts as a “major shareholder”? How do Fidelity, T Rowe Price and Northern Trust fit into the picture? Are they part of the cabal or on the outside looking in? Also, what happens when Vanguard & Blackrock fund holders get to vote their shares? Both have dramatically increased that capability and have major plans for expansion of it next year…

sylware 4y ago

I stand corrected, msft CEO is "just a member" of starbucks board of directors, not the CEO and I checked Pepsi, it is vanguard/blackrock own company. All that is a "small small world".

kasey_junk 4y ago
Vanguard and Blackrock buy companies as part of their size in the market. Literally a published equation. By definition if a company is a large part of the public markets they will own a big portion of it. In Vanguards case, that ownership is a direct pass through to the people buying into those indexes. Do the ultimate ownership is dispersed. Do you have any point other than “big index funds own the correct percentage of the market they index?”
- sylware 4y ago
  It is extremely simple: biggest share holders have a significant weight at deciding who are directors on the board (then the management teams), and those are usually their ppl. This is not rocket science.
  - tptacek 4y ago
    As you write more about this, you don't manage to make it sound less like a conspiracy theory. But that's helpful; I know how to interpret what you were saying upthread now. Thanks for responding.
    - sylware 4y ago
      The major share holders are the ones deciding on directors and management teams and if you think this is a conspiracy theory, cannot do much more, thx for listening.
  - kasey_junk 4y ago
    Ah I see. In that case, Tesla has 4 board members that come from companies with large ownership percentages by Blackrock/Vanguard. Robyn Denholm came from Jupiter networks, Vanguard owns ~11%. James Murdoch came from Fox. Vanguard owns ~7%. Joe Gebbia was an Airbnb founder, vanguard owns ~6%. Kathleen Wilson-Thompson is a long time Walgreens exec, Vanguard owns ~7% So no, that doesn’t seem to be the difference.
    - sylware 4y ago
      It has to be the major share holders, or they cannot push their ppl at the head of the company and steer it strongely the way they want. And it seems that some of those ppl can be members of several boards at the same time. On the companies I had a look at, vanguard + blackrock is usually ~30% and both are usually the biggest share holders. For instance, amazon, vanguard + blackrock are not in control because, one, there is the azur fund which has a bigger part, two, JB has a massive part of the shares, JB is explicitely in control here. What I could read from the net vanguard and blackrock are still small in tesla compared to musk, so until he sells to them most of his shares, he is still the capitain on board. In the end, we cannot tell if musk is one of them.
      - kasey_junk 4y ago
        Can you sight which companies where Vanguard + Blackrock is more than 30% of the ownership? That would require a few things a) they be very big components of the index b) they’d have to be in several very popular indexes. Structurally that would be huge Nasdaq listed firms. That would get them into the us total market indexes, s&p 1000/500 indexes and the Nasdaq/qqq indexes. That’s literally just going to be Amazon, Apple, Msft, Alphabet & Meta. Vanguard/Blackrock own no more than 12% combined in any of those companies and the range is between 9-12% for all of them. A 30% ownership stake would be structurally strange. There is also a pretty major flaw in your conspiracy theory. Vanguard and Blackrock are competitors… Do you have a threshold for what counts as a “major shareholder”? How do Fidelity, T Rowe Price and Northern Trust fit into the picture? Are they part of the cabal or on the outside looking in? Also, what happens when Vanguard & Blackrock fund holders get to vote their shares? Both have dramatically increased that capability and have major plans for expansion of it next year…