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It's past time to take the whole damn pizza. (lemmy.world)
submitted 3 weeks ago by to c/latestagecapitalism@lemmy.world
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[–] 1 point 3 weeks ago* (1 child)

If you don't have shareholder voting privileges, you are not meaningfully in control of anything in the situation. OP said:

Many of us through our 401k are the shareholders demanding returns.

But if you're invested in a 401(k) you're not a shareholder, and you're not demanding returns at a shareholder vote as part of actual company governance. You are not owed specific fiduciary duties by the officers of the companies in question because you are not a shareholder. You're just a person who invested in a 401(k). These words have hard and fast meanings.

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  • [–] 1 point 3 weeks ago

    If the RRSP product I have put my money in does not match my expectations I change it, coupled with the fact that the company providing that product will have a harder time to sell said product.

    We, as consumers demand "line go up". So yes, we are meaningfully in control unless you are an extremely passive or captive investor which I am unaware is possible. My RRSP is with Scotia they have multiple products I can choose from and I can move to any other bank at no cost. My pension is with Manulife and they have multiple products I can move my investments between at no cost.

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