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I don't see this doing much unless everyone stops at about the same time. The largest shareholders have a disproportionate amount of power to influence the dire
by beart 2y ago
I don't see this doing much unless everyone stops at about the same time. The largest shareholders have a disproportionate amount of power to influence the direction of most companies.
- dchftcs 2y agoFor much of SP500, the largest shareholders are the passive investors. It's common that an activist hedge fund can influence decisions with a mere 3% or so stake because the likes of BlackRock and Vanguard support them or abstain.
- anticensor 2y agoIs abstention even allowed in corporate board of directors?
- tempfile 2y agoIf you properly punish the shareholders, then it doesn't matter if they stop or don't. If they stop, the bad behaviour stops; if they continue, the onerous penalties continue. Anybody who wants to sponsor bad behaviour with their AUM can pay the appropriate fee.