Ep. 211: John Coates on How a Few Financial Institutions Control Everything
Macro Hive Conversations With Bilal Hafeez
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The Influence of Index Funds in Corporate Governance
This chapter delves into how index funds play a significant role in corporate governance, actively engaging with companies they invest in through voting and influencing key decisions. It provides a specific example of how index funds like BlackRock have impacted companies like Exxon towards sustainable practices, contrasting their influence with that of activist hedge funds. The narrative also explores the implications and challenges of index funds' power in corporate decision-making and the evolving political reactions to their influence.
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