Jun. 25, 2023
I am extremely against this rule. It seems ridiculous to me that someone who does not even own any shares of a company could vote on how to run that company. What makes it even worse is that if you allow this rule to go through, that one organization could control the vote because there are organizations that own derivatives that equal almost or up to the entire float of the company meaning that share holders voting would be worthless. This makes it so the big players could literally control the future of a company in which they do not even own shares . Also, this would cripple companies from doing anything, because they could buy options to a level to beat out the highest share holder such as a Bezos or a Musk and replace them in the companies they started. Then place a CEO that might not be as interested in the best performance of the company but rather in making those options pay. This makes no sense for a free and fair market. Share rights are share rights meaning you have to actually own a portion of the company. Option just give you the right to own a piece of a company at a certain price but so does trading in general.