Money Rehab with Nicole Lapin Demystifying Shareholder Activism and Why Some Investors Are Mad at Elon
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Apr 3, 2025 Nell Minow, a veteran expert in corporate governance, joins to unpack shareholder activism and its real power. She explains how individual investors can influence decision-making at major companies like Tesla and offers insights into the shocking divide between CEO pay and employee salaries. Nell expresses concerns over Elon Musk's leadership and the lack of transparency in his compensation, while emphasizing the importance of informed voting practices. The conversation also delves into the evolution of shareholder activism and its role in shaping corporate ethics.
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Engage Your Fund Manager
- Contact your fund manager (e.g., Fidelity, Vanguard) to understand their proxy voting practices.
- Inquire about their voting on executive pay and other proposals to hold them accountable.
Activism's Dark Side
- Shareholder activism can be misused to push political agendas, not just improve company performance.
- Right-wing groups are targeting Berkshire Hathaway with proposals some consider extremist.
Berkshire Hathaway Targeted
- Right-wing groups, funded by organizations like the Scaife Foundation, target Berkshire Hathaway.
- Their proposals, often disguised as promoting diversity, aim to discriminate against certain groups.