this post was submitted on 23 Sep 2024
170 points (98.9% liked)
Futurology
1785 readers
137 users here now
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
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!
Blackrock get the voting rights for the shares they hold for funds though and always go with the status quo.