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The Importance of Voting Rights in the Stock Market
Jacob: When you own stock in a company, you ostensibly have rights to take part in certain decisions. Jacob: One of the qualities of ownership is having responsibility for that which you own. He says shareholders' scanty pile of voting rights doesn't quite fill the hole left by the removal of traditional forms of ownership. But where we see a some simulacrum, don't say that word aloud very often,. That feels enough like ownership to some other of the conscience.