In the latest unredacted document oopsie stemming from the US Federal Trade Commission’s efforts to stop Microsoft acqu…

  • wia
    link
    fedilink
    English
    arrow-up
    23
    arrow-down
    1
    ·
    1 year ago

    Publicly traded companies was just the worst damn idea ever… growth for growth’s sake is ruining everything.

    • Corkyskog@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      5
      ·
      1 year ago

      Honestly to me the real shame is everyone’s retirement is tied up in Wallstreet, but no one is personally voting, that’s all done by investment managers. Even in the cases where people get their proxy votes, they mostly throw them away.

      Retail investment is a quarter of the market, but only 32% of retail shares had their votes cast (vs 80% for the market as a whole), and on average only 12% of a firms retail accounts vote at all.