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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:03:33 JST Bread up, Bro
Deere is a publicly held company, would be interesting to see who owns the stock - BowserNoodle ☦️ likes this.
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Sir Chancey (chancey@noauthority.social)'s status on Thursday, 27-Feb-2025 23:07:52 JST Sir Chancey
@sickburnbro
Vanguard? -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:07:52 JST Bread up, Bro
@chancey Don't actually know, but it would be great to know and not assume.
But remember, even at places like Vanguard, these decisions are made by people, who should be held to account.
Remember "diversity increases returns" or whatever they would like to claim isn't true, and an investment first should know that and claiming they don't is a breach of their fiduciary duty and thus they can be held liable.BowserNoodle ☦️ likes this. -
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Rocket (rocket@shitposter.world)'s status on Thursday, 27-Feb-2025 23:09:52 JST Rocket
@sickburnbro Guarantee you it's fund managers who are voting stock they are managing on behalf of the public. Vast majority of stocks these days are owned by funds (ETFs, mutual funds) and public pension funds. We need to require fund managers to allow the actual stock owners to vote their own shares. -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:09:52 JST Bread up, Bro
@Rocket that's quite possible, but remember, it needs to be found out, and they need to be held to account. It's not some vague company that votes on that, it's some dumbass sitting in a leather chair thinking very highly of themselves -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:11:18 JST Bread up, Bro
@Rocket I don't think a fund needs to let the holders of the fund direct their voting; but - if they don't and they do something like this, it's a breach of fiduciary duty and they should get thrown in jail for 50 years. -
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you should buy a fumo (teatootler@poa.st)'s status on Thursday, 27-Feb-2025 23:12:08 JST you should buy a fumo
@sickburnbro Anti white Jews of course -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:12:08 JST Bread up, Bro
@TeaTootler remember, there are a lot of white people who have been very programmed by this stuff. -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:14:43 JST Bread up, Bro
@Hando it's not just theirs. Try putting on a TV or a streaming service and count how many ads don't have
- just blacks
- a black as the first person on screen
- a mixed race couple ( with a white woman )
the best you'll usually get is just no person at all. -
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Count St. Germain (hando@pieville.net)'s status on Thursday, 27-Feb-2025 23:14:44 JST Count St. Germain
@sickburnbro even their commercials have niggers
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:21:40 JST Bread up, Bro
@chancey what is wild though is it's only shown as 65% institutional - but that vote was very against.
I wonder if the percentage of ownership listed there and voting stock might be differentBowserNoodle ☦️ likes this. -
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Sir Chancey (chancey@noauthority.social)'s status on Thursday, 27-Feb-2025 23:21:41 JST Sir Chancey
@sickburnbro
Institutional holders own most of $DE, with the largest holder indeed being Vanguard.
https://www.marketbeat.com/stocks/NYSE/DE/institutional-ownership/Vanguard owns enough stock in a variety of companies to get seats on the board. Their corporate policy definitely affects the policies of other corporations. And yes of course, the individuals making these stupid decisions need to be held accountable.
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BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Thursday, 27-Feb-2025 23:23:13 JST BowserNoodle ☦️
@sickburnbro The usual suspects. In fairness to a lot of these companies, many explicitly take a passive approach and refuse to vote on matters besides CEO. Bread up, Bro likes this. -
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eee (eee@poa.st)'s status on Thursday, 27-Feb-2025 23:25:29 JST eee
@BowsacNoodle @sickburnbro daily reminder those companies own each other, so it's just one big megacorp in power -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:25:29 JST Bread up, Bro
@eee @BowsacNoodle it's not even a matter of that; it's similar to the USAID thing - they all know each other, maybe their wives are cousins, etc. -
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Amphidamant (amphidamant@poa.st)'s status on Thursday, 27-Feb-2025 23:38:31 JST Amphidamant
@sickburnbro @chancey Its also possible certain account managers at institutional investors manage fields/sets of companies. Thus, even though vanguard might be pro-DEI as an org, the manager for this investment (in good case) is not and understands that DEI should not be a part of farm equipment manufacturing business.
Could also be because the other investments in cornslop as a means of printing money and pacifying population need well performing agricultural machines. Thus, Vanguard and co management, at the high level, understand what DEI brings to a field and why they shouldn't touch this or that. -
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Bread up, Bro (sickburnbro@poa.st)'s status on Thursday, 27-Feb-2025 23:38:31 JST Bread up, Bro
@amphidamant @chancey @BowsacNoodle also had a good point, which is that some of these investment first simply abstain from votes that aren't for CEO - which is why it's best to just collect information at this point. -
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BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Thursday, 27-Feb-2025 23:50:12 JST BowserNoodle ☦️
@sickburnbro @chancey > "diversity increases returns"...[a lie] is a breach of their fiduciary duty
I think our side slings a bit too much mud at Vanguard. They specifically got out of the ESG space and went hands-off in 2021 and voted AGAINST every single ESG issue in 2022. In 2023 they issued a statement saying explicitly pursuing ESG was an abandonment of their core principles of efficient market hypothesis [this is the fiduciary duty mentioned above and is what vanguard fund holders sign up for]. Basically they did help put stuff in place years ago, and then realized it was a terrible road to pursue and have walked back everything when able. Again looking at the fiduciary element, it is probably a better idea to let companies handle their own walkbacks on much if this rather than aggressively push for things that might lead to market volatility and harm shareholder profits.
Back out of the business side of it, they ought to get their stuff together ASAP and start voting actively to kill this. Black Rock can't be allowed to control things ever again.