America’s corporate governance system is broken, and it’s killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating.
Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground.
The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves.
It is time for a simple rewrite of the rules: We need to index the votes of index fund investors.
Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders — the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence.
True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over.
Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market.
We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.
Hey @joerogan, you've had a big part of the inner epstein circle on your podcast and they all, along with yourself, pushed for trump to be re-elected. Honestly I dont know how you live with yourself. No matter how much you try to separate yourself from this movement as it continues to crumble... History will always remember the role you played. Years from now, nobody will remember you condeming the movement. They will only remember you sucking trump off on your podcast along with his cabinet and donors. Nobody will ever remember why you didnt interview harris nor will they care. Enough years go by, they'll only see what you did. Its a ball and chain. You've tied your name for all of history to this movement. You played an integral role. I hope it was worth it you piece of shit.
@BecomingCritter The game is designed to as problems that need to be SOLVED it’s not going to walk you thru the whole thing. Something that’s lost on games today
@JuanTabeer@furrygirl@facetedcarapace You literally don’t need any of that shit to survive and here we are making a whole isle for it instead of something that could improve our health and they can charge you whatever they want and you’ll pay it bc it’s a combo of sugar and salt that has you addicted.
Today, we sadly must announce the closure of Queen City Nerve after nearly eight years of providing community journalism to the people of Charlotte. Read more here: https://t.co/WiqfFpWe5x
They are discussing using nuclear weapons on Iran in strategy meetings.
Yes you read that correctly. It’s real. I’m not speculating, I know.
And it’s pure evil.
The last time a nuclear weapon was used was August 6th and 9th of 1945 on two cities in Japan, Hiroshima and Nagasaki, immediately killing 110,000 people, vaporizing people at ground zero, and total deaths reached 214,000 by the end of the year from severe burns and trauma.
But the extreme suffering continued for the Japanese people from radiation sickness, skyrocketing cancer rates, and generational birth defects.
Not to mention wiping out all means of their economy.
And the suffering was so great that all of humanity vowed, “never again.”
Trump and his admin were told by our own intelligence that Iran was no where near creating a nuclear weapon, then Israel said the same line it’s repeated for decades, “Iran is only weeks away.”
So we bombed anyways, killed their leaders and innocent little children in a school, and Iran has controlled the Strait of Hormuz ever since and punished the region for their part in it.
And now our government is the one actually discussing lowering the nuclear threshold in order to use nuclear weapons against Iran even though Trump claims he’s won the war like 40 times and says the U.S. controls the SoH.
Trump promised no more foreign wars, but may actually be the one who delivers a nuclear holocaust that would likely drag the entire world into major conflict, economic depression, and mass human suffering we’ve never seen in our lifetimes and maybe throughout history.
People need to speak out and boldly stop this insanity.
America is not untouchable.
If and when that happens, everyone, and I do mean everyone, will hold ALL of those in leadership right now fully responsible for the rest of human history.
Do not use nuclear weapons and stop this war NOW.