RE: LeoThread 2025-10-23 02-57
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The core problem is that passive index funds now control roughly half of publicly traded shares and largely outsource shareholder voting to advisory firms ISS and Glass Lewis.
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Those firms own no shares themselves and often cast votes based on political considerations unrelated to shareholder interests, which is a systemic issue beyond Tesla.
For example, they advised voting against re-election of a longstanding director, Ira Ehrenpreis, citing "insufficient gender diversity", while also advising against re-election of Kathleen Wilson-Thompson