The Richest Woman in the World: How Gina Rinehart Earns her Billions
Why Dell Will Never Be Great Again
Imagine if every four years the Federal Elections Commission rounded up all the ballots, counted all the votes, and then just assumed that everyone who didn't vote wanted the incumbent to win -- and counted those non-votes as though they were votes for the party currently in power.
Unbeknownst to the vast majority of investors, this is exactly the way it basically works in corporate America. Since 1937, brokers have been able to vote their clients shares on their behalf when they don't cast their own proxy ballots. Wall Street being a chummy place, this has usually meant that shareholders who didn't vote had their votes cast in favor of the current management team.
BrokerVotes posts
Feed
Goldman Earnings Sink After Buffett Dividend
Johnson & Johnson's Income Falls 23%
Burberry Shares Leap on Sales Update
