Tom
@thomasmidleton · Jan 23, 2023
ISS and Glass Lewis are the worst. What even are they? They owe duties to no one, but tell their clients (who are institutional investors too lazy to figure out how to vote themselves) how to vote the shares those investors hold as fiduciaries for their clients.
Elon Musk
@elonmusk
Far too much power is concentrated in the hands of “shareholder services” companies like ISS and Glass Lewis, because so much of the market is passive/index funds, which outsource shareholder voting decisions to them.
ISS and Glass Lewis effectively control the stock market.
03:39 AM · January 24, 2023 · 355.4K views
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