You may or may not appreciate the finer points of shareholder activism. I've been to my fair share of annual shareholder meetings and even chaired a couple. Come proxy time, I find most shareholder sponsored motions either ignorant or insulting, depending on what side of the bed I woke up on.
They clearly don't understand the sole objective of a publicly-traded company is to make insanely larger profits than their competitors. Personally, I think shareholder activists tend to be in search for their 15 minutes of Andy Warhol-promised fame. My idea of shareholder activism is placing a sell order.
Still, beyond the entertainment value, shareholder activism represents those age-old American values of equality, freedom and Town Hall democracy. I don't seek to prevent shareholders from exercising their right to stand up in front of confirmed capitalists and ask them to cap their capital.
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