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A Glimpse of a Future With True Shareholder Democracy
Big stock funds own increasingly large chunks of publicly traded companies, leaving fund shareholders without a vote on corporate governance. But there’s a better way.
John Coates wrote in 2018, “Control of most public companies that is, the wealthiest organizations in the world, with more revenue than most states will soon be concentrated in the hands of a dozen or fewer people.”Credit.Mark Ostow
May 21, 2021
In the near future, giant index funds, those low-cost investments that have helped millions of people to build nest eggs, will gain “practical power over the majority of U.S. public companies.” ....

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