That's a good question.

Reader comment on: Obama's Financial 'Reform' Speech
in response to reader comment: But the biggest stockholders are the mutual funds such as Fidelity and Vanguard.

Submitted by Lyle (United States), Apr 23, 2010 22:33

In one sense the mutal fund company has the ability to have someone really look at the issues whereas a holder of 100 shares really does not have the time. Note that this year for the first time brokers have been told that if you have your stock in street name but do not vote, no vote would be cast, it used to be that the broker voted it. It will be interesting to see what the total votes look like. Right now with only a couple hundred shares it is sort of a why bother to vote short of a proxy contest, since the election is run soviet style.

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