Large Fund Companies are Voting Their Values with Your Assets

"As your viewers may know, most American investments are handled by three investment houses Blackrock, State Street, and Vanguard. I'm invested in one of those three. You may be. You may be as well. And [00:09:00] they- between them control $20 trillion of Americans' assets. Now before the rise of mutual funds and then ETFs, most shareholders didn't really vote their proxy votes. They didn't take advantage of the power of their ownership. Because of course, when you own a share in a company, you are a fractional owner of that company and the executives and directors work for you. They don't work for themselves, they don't work. You're the owner of that, the fractional [00:09:30] owner of that company." -Scott Shepard

@ EconomicWarRoom