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A comment on A Professor Who Was Right About Index Funds All Along. Parent comment

Re:A Professor Who Was Right About Index Funds All Along by Ericson2314 on Saturday October 22, 2016 @10:08AM (#12768728)
I think the more worrisome problem is a lack of shareholder input in corporate decision-making.
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Re:A Professor Who Was Right About Index Funds All Along by icebraining on Saturday October 22, 2016 @10:46AM (#12768872)
Index funds still have an input on the corporations.

https://about.vanguard.com/vanguard-proxy-voting/update-on-v...

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Re:A Professor Who Was Right About Index Funds All Along by Ericson2314 on Saturday October 22, 2016 @12:35PM (#12769339)
Ok the proxy vote is good—I guess the real problem when everyone's investments are so diverse, it's impossible to be an educated voter in all cases.
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Re:A Professor Who Was Right About Index Funds All Along by countingteeth on Sunday October 23, 2016 @10:39PM (#12776502)
No. Fund shareholders do not get a proxy vote in the underlying stocks. Not with Vanguard or most large funds anyway. The fund votes. And the fund managers and analysts will have a lot more resources and information on their holdings than fund shareholders.

That being said, there are all sorts of problems with the incentives here.

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Re:A Professor Who Was Right About Index Funds All Along by Ericson2314 on Sunday October 23, 2016 @10:46PM (#12776524)
Oh the link above mentioned proxy votes, but to be honest I only skimmed it.

Yes what you say does sound worrisome.

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