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by bulletsvshumans
2760 days ago
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The other stockholders are almost never your adversaries. Their interests are in alignment with yours: to vote in such a way that it maximizes the value of the stock. The only exception would be some kind of action that is specifically discriminatory towards your shares over theirs, which is typically not legal. If it were to occur, that is the only situation where I would want Vanguard to be voting on my behalf. You're right though that not voting is equivalent and much easier than trying to replicate votes. |
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Nope. Their interest is to vote in such a way that it maximizes the value of their portfolio. If that doesn't match your portfolio, then your interests are not aligned.
> The only exception would be some kind of action that is specifically discriminatory towards your shares over theirs, which is typically not legal.
There is nothing discriminatory about voting for selling a division of company A to company B, say, and it is certainly not illegal. But it might well still be in the interest of the owners of company B who also happen to hold the only voting 10% of company A, and to the detriment of the owners of the other 90% of company A.