Bryan Steil tweeted the following:
"Ive advocated for regulations that bring transparency and accountability to this industry. The SEC's actions take us in the other direction, making it easier for proxy advisors and their allies to push their activist agenda using your 401k dollars."Read on Twitter
Here are other recent tweets from Bryan Steil:
"ISS and GL have ~97% of the advisory market share. So, a few workers reporting to Germany and San Francisco wield immense power. They have a big say over YOUR retirement assets."Read on Twitter
"Two proxy advisor firms, one majority German-owned & the other based in San Francisco, tell investors how they should vote on shareholder proposals."Read on Twitter
"In many cases, these 2 firms take the side of activist groups in pushing companies to do things that hurt average shareholders. bit.ly/3cpt9Um"Read on Twitter
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