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Sunday, November 24, 2024

Wisconsin U.S. Rep Bryan Steil: "Often, these firms pressure investors to vote contrary to shareholder economic interests, and in support..."

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Bryan Steil tweeted the following:

"Often, these firms pressure investors to vote contrary to shareholder economic interests, and in support of woke political initiatives like a green climate agenda. This issue goes back decades. wsj.com/articles/SB100"
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Here are other recent tweets from Bryan Steil:

"We need to rein in these woke firms that are encouraging the Lefts activists proposals and hurting our economy. My bill will do just that."
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"American families depend on investors to manage these funds and vote on issues raised at shareholder meetings, many of which involve ESG initiatives."
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"Institutional investors rely on proxy advisors to tell them how to vote their shares. This means proxy advisors have a big say in how large companies are run. The market for these proxy advisors? Dominated by 2 firms Glass Lewis and ISS."
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