Lack of oversight

An issue related to the lack of oversight of companies have due to the mass amount of mutual fund ownership. The mutual funds don’t normally even vote the proxy and don’t voice any concerns about management. It’s quite a benefit to management to have absentee owners like this. And some wonder how CEO pay could have gotten so out of hand? 😉

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s