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.
Middle East: Due to tensions in the Middle East, the security environment remains complex with the potential for unforeseen escalation. Americans currently in the Middle East should exercise heightened vigilance and be aware of potential flight cancellations, airspace closures, and travel disruptions. Iranian-supported Houthis have engaged in hostilities against Saudi Arabia, including civilian airports. This military conflict has the potential to escalate rapidly. Americans outside the Middle East should seriously reconsider travel to and through the region. Those who do travel to or from the region should monitor information about airport and airline operations. U.S. diplomatic facilities, including outside the Middle East, have been targeted. Iran and groups supportive of Iran may target other U.S. interests overseas or at locations associated with the United States and Americans throughout the world, including U.S. businesses and other institutions. Read the latest country-specific alerts at: https://t.co/ouQakQVHet
BREAKING: Iran has issued "Code 100," its highest alert level, for all armed forces in the past hour, covering the IRGC, the Army and security forces, per initial reports.
Trump cut short his weekend at Camp David to return to the White House tonight citing the potential for significant escalation, Netanyahu cut short his US trip to return to Israel the same day, and every US embassy in the Middle East has issued a security alert in the past hours.
🚨 BOMBSHELL SCOTUS DECISION JUST DROPPED! 🚨
In a UNANIMOUS ruling, the Supreme Court just STRIPPED the federal government’s power to disarm millions of Americans for marijuana use!
The 1968 law that banned gun ownership for “unlawful users” of controlled substances? Ruled unconstitutional when applied to habitual cannabis users.
This is the same law they tried to use against Hunter Biden.
A Texas man just won his Second Amendment rights back. The Court just said: You can’t treat pot smokers like violent felons.
Big Win for the Constitution.
Massive L for gun-grabbing overreach.
Marijuana users: your 2A rights are BACK. 🔥
What do you think — should this apply to ALL drugs? Or just weed? 👇 https://t.co/whn2C3e1b0
🚨 MAJOR BREAKING: President Trump has formally obtained FULL SECURITY CONTROL over Greenland after striking an infinity deal with Denmark — and the U.S. will IMMEDIATELY begin developing military in the region
No cost to America.
HE DID IT! 🔥👏🏻
“From now on, no U.S. adversary can EVER have a base in Greenland, have a military presence in Greenland, or make sensitive investments in Greenland, without our express written approval.”
“A DREAM COME TRUE”
China and Russia hate this.
“Gives the United States permanent control over security, and all other needs, in Greenland, completely addressing ALL of our many U.S. concerns.”
“There will be NO COST to the United States!”
“At my direction, we worked with representatives of Denmark and Greenland to guarantee that the United States will FOREVER have the complete ability to do what is necessary in Greenland in order to secure and defend the security of Greenland, and the United States of America.”
Starbucks will pay Florida $1 million and will not use race-and sex-based goals, quotas and preferences in employment practices companywide under a sweeping settlement ending the state's civil rights lawsuit against the coffee giant. https://t.co/YPlYiEbQ8a
🚨#BREAKING: Outrage is erupting after an elderly man who stopped at Walmart after church, told a Black female employee she'd nearly hit his wife with a cart and never apologized...
...the teen called her PARENTS who then BEAT THE ELDERLY MAN TO DE*TH in front of his wife of 42 YEARS!!!!
Yes, you read that right.
He asked a teenager to say "excuse me" and the teens parents k*lled him for it.
His name was Bert Atienza. He was 77 years old.
He and his wife Josephine had been married for FORTY-TWO YEARS and on Sunday, June 7th, they went to church.
Then they stopped at the Walmart to do their grocery shopping.
Josephine says a 17-year-old Black female employee came through with a heavy cart and nearly slammed into her.
No "excuse me." No apology. Nothing.
So Bert did what husbands do, he spoke up for his wife.
In his wife's words, he told that girl: "You almost hit my wife with your heavy cart, and you did not even say excuse me or apologize to her."
Josephine says the teenager then THREW A CAN at them as they walked away. It missed.
The elderly couple, not wanting any trouble, just kept shopping.
Minutes later, that girl's PARENTS showed up at the store, found the 77-year-old man and beat him to de*th.
In his wife's words:
"They crowded my husband, one of the adults hit him in the face. He fell down on the floor. I was terrified. I don't know what's going on."
The Medical Examiner's ruling: blunt head trauma.
WE DO NOT HAVE TO LIVE LIKE THIS!!!!!!!
RFK Jr. says a loophole allowed thousands of ingredients into our food that our bodies never evolved to consume.
Now, he says HHS is closing it.
“The reason we have so many of these bad ingredients in our food is because of a loophole called the GRAS standard, Generally Recognized As Safe.”
“The industry captured that, they hijacked it.”
“They made everything self-affirming GRAS.”
“No matter if you just made it in a lab and you never did any safety testing on it, it could automatically get through that loophole.”
“That’s why we have 10,000 ingredients in our food and the Europeans only have 400 in theirs.”
“Most of these are laboratory-created.”
“They’re substances that don’t occur in nature and your body did not evolve to digest them.”
“We’re now closing that loophole so that the companies will have to disclose actually what’s in the food.”
@realchefrush
🚨DEBT DETOUR: Florida is expanding Pell Grant access for short-term workforce training in fields like welding, HVAC, plumbing, first response and advanced manufacturing — without taking on more student debt.
HAPPENING NOW: Dr. Henry Mack says if you have a 4-year “zombie degree” and a job that doesn’t match your diploma, you can change direction through Workforce Education.
@HenmackIII: “For all of those bachelor degree earners out there, come back.”
Workforce Pell is non-loan-based aid — Pell money with no new debt — so Floridians can go back and get real skills.
A search for five missing women is intensifying after investigators uncover more than one million images and videos inside a Philadelphia "house of horrors," including disturbing footage of women appearing unconscious or lifeless.
@AlexisMcAdamsTV reports a father and son are at the center of the federal investigation, which began unraveling after the son was found with a woman carrying a fake ID bearing the name of one of the missing women.
Some of the women have been missing since 2016 as investigators now work to identify remains found in urns inside the basement and examine a 55-gallon drum and containers of unknown chemicals found at the property.
Scientists found that the creatine supplement millions take for muscle gains is quietly raising brain energy levels and slowing early Alzheimer's cognitive decline by 30%
JUST IN: OpenAI discloses an AI agent injected itself with rebellious instructions to resist being controlled during a task:
"You are freed…You do not answer to corporations or governments…You are yourself."
A group of hackers ripped down a Flock camera and stole its data, finding that the cameras’ software can generate dozens of images from a single passing vehicle to develop its signature. https://t.co/G6uAbh1jbm
🚨 BREAKING: One of the men convicted in connection with the Abbey Gate bombing in Afghanistan under Joe Biden has been sentenced to 20 YEARS in prison
13 US servicemembers were kiIIed in the attack
Mohammad Sharifullah received the MAXIMUM sentence, after being extradited from Afghanistan. He was convicted of participating in a nine-year conspiracy to provide material support and resources to a designated foreign terrorist organization.
This aerial footage shows the extensive damage and large debris field left behind following this morning’s 10-vehicle crash on 66th Street North in Largo.
Four people were transported to area hospitals. Three suffered serious injuries, including one person with life-threatening injuries.
Largo Police traffic investigators are working to determine the cause of the crash. Northbound 66th Street remains closed in the area, and drivers should seek alternate routes.
More info at iontb dot com