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by po8crg
1883 days ago
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Almost everyone owns stock in all the major companies - indirectly via their 401k or index fund. To a first approximation, there are no non-stockholders. One real question is why, when stockholders vote on CEO compensation, fund managers are allowed to cast the votes of fund investors. If you invest money on behalf of other people, there are all sorts of fiduciary duties to keep the money separate, but that money gets you votes, and you get to vote them according to your personal preferences, not according to the preferences of your investors. |
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