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bucolic_frolic

(51,492 posts)
2. Believe it not, stock ownership is supposed to be democratic
Sat Oct 19, 2024, 11:25 AM
Oct 2024

Shareholders get to vote every year on the Board of Directors, C-Suite level personnel, and sometimes on special proposals.

In reality, the shares are mostly owner by vulture mutual funds who rubber stamp the Board's proposals.

It is rare, rare, rare for a proposal by the Board to be voted down, and almost can't be done without the support of a major shareholder, who usually is trying for a seat on the Board to increase vulture capitalism.

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