It is way past time for voting rights for shares held in mutual funds to pass through to the mutual fund shareholder instead of being voted by the fund manager.
Companies like Blackstone and Vanguard don’t own shit for themselves; they only manage it on behalf of others. But they disenfranchise those others while they do it, and that’s entirely fucking unacceptable!
It is way past time for voting rights for shares held in mutual funds to pass through to the mutual fund shareholder instead of being voted by the fund manager.
Companies like Blackstone and Vanguard don’t own shit for themselves; they only manage it on behalf of others. But they disenfranchise those others while they do it, and that’s entirely fucking unacceptable!