Playbook of Shareholder Terrorists
Coming Into Focus

For the past several years, "shareholder terrorist" groups have been hijacking, or seeking to hijack, shareholder meetings, corporate boards, and even CEOs.  There's an interesting article today in Investment News which lays out their game plan:

Among those reforms: disclosure of broker compensation; repeal of Section 22(d) of the Investment Company Act, which allows funds to set fixed sales charges; 12(b)-1 fee reform; and improved disclosure of revenue-sharing payments. The groups also pushed for a suitability obligation to ensure that brokers recommend the best mutual fund share class and for redefining anyone who offers personalized advisory services as investment advisers.

These shareholder terrorist groups won't stop until the investor class is controlled and dominated by Big Labor and trial lawyers.

Comments (1)

Post Your Comment

What do you have against capitalism? If enough Shareholders like the old way, then you have nothing to worry about. Funny how the "Capitalists" show their true colors when things in the free market don't go their way.
>> The Invisible Hand June 8, 2009 6:08 pm

Add a Comment

Name
Organization

Location
Email

Enter the Characters You See to the Left
Subscribe to our newsletter.