All corporate structures that I’m aware of give voting rights to all shareholders, in proportion to the number of shares they have. Some companies like Google and Meta give more votes to different types of shares.
With the popularity of ETFs and mutual funds, any American with a retirement fund has voting rights in the 500, and probably more public companies.
The proper way to do things is properly penalizing the company sufficiently to affect the share price.
> With the popularity of ETFs and mutual funds, any American with a retirement fund has voting rights in the 500, and probably more public companies.
You do not receive voting rights when you hold index funds, ETF or otherwise. You only get to cast your own votes if you are an individual shareholder. Your index fund votes get voted by the fund runner.
That's why I said voting rights. If the if index fund managers find themselves on the hook for stocks they used to hold they'll take a much bigger interest in the CEO and Boards shenanigans.
I agree, particularly in the case of companies where institutions own a majority of the shares (which is more than you’d expect, TWTR had something like 70-80% institutional ownership before going private)
With the popularity of ETFs and mutual funds, any American with a retirement fund has voting rights in the 500, and probably more public companies.
The proper way to do things is properly penalizing the company sufficiently to affect the share price.