jtrek comments on An American city has been without power for 2 weeks, unacceptable.

[–] jtrek@startrek.website 5 points 2 months ago (2 children)

I don't know how it all works, but I did see on Vanguard there's an option to change how vanguard votes on your behalf. There's the default of "maximum profit", but there's also "long term stability" and "ethical" (not the exact names). I don't think every company has options like that, but they probably should, if we're going to keep this kind of thing around at all.

If you use vanguard, go see what your options are.

Edit: think I found it https://corporate.vanguard.com/content/corporatesite/us/en/corp/about-our-funds/proxy-voting-across-funds/investor-choice.html#policy-options

Egan-Jones Wealth-Focused Policy [...] This policy by rule rejects proposals based on environmental, social, or political considerations unless they directly contribute to revenue generation at the company receiving the proposal.

None of them look super good though

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[–] BenevolentOne@infosec.pub 7 points 2 months ago

This might be the most evil thing I've learned about this year.

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[–] skisnow@lemmy.ca 4 points 2 months ago*

This policy by rule rejects proposals based on environmental, social, or political considerations unless they directly contribute to revenue generation at the company receiving the proposal.

The fact that it exists and they're making a whole thing of letting you opt out of doing that, tells you a lot about what the standard practice in the industry is.

None of them look super good though

Yeah there's no option for genuine environmental or social activism, just one that follows some other investment company's ostensibly ethical voting strategy. Again, this speaks TONS about the Epstein class running these funds, that they're scared that giving such an option might result in people actually taking it.

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