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Forum Post: Real Wall Street Reform

Posted 3 years ago on Nov. 13, 2011, 4:48 p.m. EST by SteveH (0)
This content is user submitted and not an official statement

Many people do not realize that many CEOs and their ilk are elected every year by their shareholders. It would be a very powerful statement if OWS could affect those elections. I would suggest targeting the companies with (1) Excessively high compensation/retirement packages for their 1%ers...like UnitedHealth Group, (2) Poor labor policies...like Walmart, and (3) Irresponsible business practices...like Goldman Sachs.

There are many shareholders who, like me, believe that more responsible companies would be better investments. However, typically we are not given sufficient information during those elections and we end up voting for the board's recommendations.

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[-] 1 points by lisa (425) 3 years ago

OWS could become a corporation, sell stock and get people to invest in it, become shareholders (like the employees of Home Depot do) and effect the markets that way. Imagine if people funded their 401K's with stock that did not invest in companies that hurt people, exploited people with cheap labor etc.