alt Hacker NewsI'm not saying I like this turn of events.
I'm saying it's how the world works. The majority of pension funds (public or private) and 401k plans are simply passive index funds with nearly no direct voting rights (and at best very limited, indirect voting rights).
> The majority of pension funds (public or private) and 401k plans are simply passive index funds
That’s completely wrong.
Most 401k plans have by far more active fund options than passive fund options. Notwithstanding, more and more dollars are tilting towards the passive index funds, i.e. through consumer choice.
Where do you get your information from?