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Anonymous
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TSR said:Sandhusker said:It depends on how ownership of the stocks is registered as to who gets to vote. If you own the stocks personally, you get a proxy - usually along with the annual report. If you own that company via a mutual fund or something similar, the mutual fund manager or company does the voting.
Yes, there are many different classes of shares, but the majority of them are "common" where you get to vote. It's usually one vote/share.
Sure, you could band together with other shareholders and all vote the same to attain a certain amount of power - and that is done quite often, but you still have to get 51% of the votes.
That's kind of what I was getting at, those 1.5% of fund managers/ceos could potentially equate into that 51% all depending on the number of shareholders they represent.
I can't see any multimillion $ salaried, multiperk, golden parachute gifted mutual fund CEO's or Board Members voting to start a trend toward lower CEO incomes :???: :wink: :lol: