When Passive Fund Managers Go Rogue

"In 2018, when Larry Fink changed the dynamic for passive asset managers, he changed the efficacy of shareholder proposals. ESG went from low single-digit support in 2017, and in 2018, with Fink's change, they jumped. On average ESG proposals, got 24% of the vote. So, a 10X increase in one year. That's a major effect and a major change. And these proposals affect culture." - Justin Danhof

@ EconomicWarRoom