The Proxy Protection Racket
(From The Wall Street Journal)
Union pension funds promote transparency and democracy in corporate governance—so we’re told, and at least when it serves their political purposes. But look who’s now opposing the Securities and Exchange Commission’s efforts to break up a corporate protection racket by proxy firm duopolists. And keep in mind that the proxy firm duopolists tend to lean toward one party in particular, just like the unions.
http://www.againstcronycapitalism.org/
Source: https://www.ac2news.com/2019/11/the-proxy-protection-racket/
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