@bathcati
iAccount based inUnited States
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tales of my misdeeds are told from ireland to cathay
Joined June 2023
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bathcat retweeted
I saw a very handsome bird sleeping in a gutter instead of a tree. This is how bad the economy has gotten.
Listen here beautiful indian girls. You're gonna get a lot of hurtful and degrading comments from racist incels, but that ain't what us oldtroon fyppers are about. Let me just say, you are perfect the way you are. You hear me? PERFECT. Don't ever change. You deserve anything and everything you want. Stay safe for me desi girl
>mfw thinking of you hurting
Replying to @knightfall_117
Yeah, it's all a plot about Vance to notice that this woman is hot and the Jews did it - you really got to the core of it
put the fries in the bag
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.