What They’re Saying

What they’re saying…

August 14, 2018

Daily Caller: “The Disenfranchisement of America’s Retail Investors is a Real and Alarming Trend”

In a recent issue of the Daily Caller, Main Street Investors Coalition advisory council member Nan Bauroth explains the goals of the coalition, why she’s a member of the advisory council, how institutional investors are distorting the shareholder resolution process, and how the Main Street Investors Coalition advocates for ways that everyday investors can exercise their ...

June 28, 2018

Proxy advisors do need to be regulated

H.R. 4015 will make a meaningful difference in addressing the conflicts of interest, lax oversight, and history of shoddy research underlying voting recommendations that are currently all too present in the proxy industry. Retail investors everywhere will be better off as a result.

June 18, 2018

Taking Steps to Level the Playing Field for Retail Investors

George David Banks on Bloomberg Markets: "It's important for people to know how important of a role the proxy advisory firms play. There are some studies that suggest that ISS can sway a vote 25 percent, either way. So this is actually a really big deal. We want to make sure that there is more transparency among these proxy advisory firms."

June 14, 2018

Shocking New Evidence Shows Activist Resolutions Add No Shareholder Value

Now, a groundbreaking study authored by a pair of leading economists helps rectify that critical gap in knowledge. Harvard Professor Joseph Kalt and Dr. Adel Turk have conducted the first research to examine the specific impact of climate change resolutions on shareholder value and found no support for the argument that additional disclosure required by these proposals provides meaningful information for the marketplace.

June 13, 2018

Environmental shareholder resolutions will never deliver the climate consensus that America needs

Last month the Main Street Investors Coalition launched our campaign to protect the interests of America’s retail investors. A first of its kind, the initiative aims to draw attention to the increasing politicization of the investment system and the damaging repercussions for America’s retail investors.

June 10, 2018

Standing Up for the Retail Investor

A new shareholder advocacy group has been formed, the Main Street Investors Coalition. The Coalition aims to mitigate the adverse effects created by the concentration of shareholder voting power that now resides in the hands of mutual fund advisors. This concentration has developed because of the growing popularity of index mutual funds and the industry practice of delegating shareholder voting rights to their advisors.

June 8, 2018

Wall Street’s Vanity For Social Causes Is Just The Latest Enron

Using ESG causes to chase publicity is a shameful abuse of someone else's money. A hedge-fund manager's effort to win plaudits at retirees' expense is just another example of arrogant Wall Street millionaires taking advantage of Main Street.

June 6, 2018

New Research Finds Politically-Motivated Activism Doesn’t Actually Increase Shareholder Value

When manufacturers can invest for growth, America prospers. Often that prosperity takes the form of higher wages and more jobs. Just as important is the financial security of hardworking families who depend on the value of stocks held in their retirement accounts. As this paper shows, politically-motived activism does little to enhance shareholder value.

June 6, 2018

Why We Need To Keep Politics Out Of Public Pensions

Beneficiaries are entitled to the peace of mind that decisions about their retirement money are being made based on fiduciary responsibility, not on politics.