My interpretive dance about the two companies that own the world. Vanguard and BlackRock. In case you’re wondering why France is protesting!!! #capitalism #dance #money #business #wallstreet
Yeah, that was my problem with the video too. However, it is worth noting that even though an individual might own a share of an exchange-traded mutual fund, they almost never receive any voting power. This isn't surprising, because it's basically like owning a fraction of a fraction of a share. What is worth wondering, however, is who gets the vote. Imo Blackrock and Vanguard do - it's not like they're secretly and evilly controlling the world's economy, but they do certainly tend to vote in the interests of their shares not dropping in value.
Yeah, that was my problem with the video too. However, it is worth noting that even though an individual might own a share of an exchange-traded mutual fund, they almost never receive any voting power. This isn't surprising, because it's basically like owning a fraction of a fraction of a share. What is worth wondering, however, is who gets the vote. Imo Blackrock and Vanguard do - it's not like they're secretly and evilly controlling the world's economy, but they do certainly tend to vote in the interests of their shares not dropping in value.