You can't force anybody for anything with miserable 5% share. Even with 30% share you could only try. To have real power to do anything you want you need at least 51%. And even in that case you are risking to lose a lot if you force company do some shit that will significantly lower its price. There are no any sense in owning 51% of bankrupted company.
Either thare is something else, apart shares with that BlackRock/Vanguard duo, either they are kind of scrapegoats, to divert attention from something really important.
I can;t see how owner of 5% could do things that happen with companies today. Just imagine someone with 5% shares came and tell - "now we begin to produce complete garbage nobody will buy for the sake of inclusivity and diversity". Any sane person will understand that it is much better if that 5% struck the market and temporary lower share price, than to allow that idiot to completely ruin his co-owned business.
Well, I could imagine that 5% with pushing DEI crap could be used as kind of racket, like "buy my 5% for the double price, or I will shit on the conference room table at every shareholders meeting", but not what imputed to BlackRock/Vanguard.
It does not add up.
Well, I initially was well into that story, about some global funds that really owns everything, too, until I finally take a look at real numbers. In no way that tiny shares could be "owning the world". Sorry, but I need something else, much more convincing, to agree with that narrative.
You can't force anybody for anything with miserable 5% share. Even with 30% share you could only try. To have real power to do anything you want you need at least 51%. And even in that case you are risking to lose a lot if you force company do some shit that will significantly lower its price. There are no any sense in owning 51% of bankrupted company.
Either thare is something else, apart shares with that BlackRock/Vanguard duo, either they are kind of scrapegoats, to divert attention from something really important.
I can;t see how owner of 5% could do things that happen with companies today. Just imagine someone with 5% shares came and tell - "now we begin to produce complete garbage nobody will buy for the sake of inclusivity and diversity". Any sane person will understand that it is much better if that 5% struck the market and temporary lower share price, than to allow that idiot to completely ruin his co-owned business.
Well, I could imagine that 5% with pushing DEI crap could be used as kind of racket, like "buy my 5% for the double price, or I will shit on the conference room table at every shareholders meeting", but not what imputed to BlackRock/Vanguard.
It does not add up.
Well, I initially was well into that story, about some global funds that really owns everything, too, until I finally take a look at real numbers. In no way that tiny shares could be "owning the world". Sorry, but I need something else, much more convincing, to agree with that narrative.
Other similar groups can be acting and if anyone in a large corpo in the US during these days are guaranteed to follow in locksteps.