Corporations are scrambling to protect their senior executives. Boards are reassessing security budgets. And CEOs are being told to delete their digital footprints.
The trouble is that most shareholders own their shares through mutual funds in their retirement accounts, and those shares get voted by the fund managers at Vanguard/Black Rock/Fidelity/etc. Those people definitely are part of the good ol’ boys club and will definitely vote in the executives’ interest and against their clients’.
I’m sure most shareholders would agree with you.
The trouble is that most shareholders own their shares through mutual funds in their retirement accounts, and those shares get voted by the fund managers at Vanguard/Black Rock/Fidelity/etc. Those people definitely are part of the good ol’ boys club and will definitely vote in the executives’ interest and against their clients’.