Corporate Voting Dynamics
Understanding the intricacies of corporate governance reveals that while individual stockholders have limited influence in large public companies, their collective power is significant. The board's primary duty is to hire and fire the CEO, but they also engage in critical corporate decisions. Notably, voting rights follow ownership, meaning even if shares are purchased through a broker, stockholders retain their voting power—unless invested through a mutual fund, where the fund company votes on their behalf.In this clip
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The Prof G Pod with Scott Galloway
Prof G Markets: What is a Stock?
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