Elon Musk

They recommended against her, but then also recommended against our enterprise on the grounds he was insufficiently diverse.

They recommended against her, but then also recommended against our enterprise on the grounds he was insufficiently diverse.

So I'm like, these things don't make any sense.

So I'm like, these things don't make any sense.

So I do think we've got a fundamental issue with corporate governance in publicly traded companies, where you've got about half of the stock market is controlled by passive index funds.

So I do think we've got a fundamental issue with corporate governance in publicly traded companies, where you've got about half of the stock market is controlled by passive index funds.

And most of them outsource their decision to advisory firms, and particularly Glass Lewis and ISS.

And most of them outsource their decision to advisory firms, and particularly Glass Lewis and ISS.

I call them corporate ISIS.

I call them corporate ISIS.

So all they do is basically, they're just terrorists.

So all they do is basically, they're just terrorists.

So so and they own no stock in any of these companies.

So so and they own no stock in any of these companies.

Right.

Right.

So I think that there's a fundamental breakdown of fiduciary responsibility here where really, you know, any company that's managing

So I think that there's a fundamental breakdown of fiduciary responsibility here where really, you know, any company that's managing

even though they're passively managing index funds or whatever, they do at the end of the day have a fiduciary duty to vote along the lines of what would maximize the shareholder returns because people are counting on them.

even though they're passively managing index funds or whatever, they do at the end of the day have a fiduciary duty to vote along the lines of what would maximize the shareholder returns because people are counting on them.