The tweet was deleted by the author.
But we saved everything 🙂.
Bruce Fenton argues that markets would be improved if more shareholders held stocks directly and actively participated in voting, with enhanced powers for shareholders.
He suggests that the influence of ETFs, mutual funds, and weak corporate boards has diluted shareholder authority, moving the market away from this ideal.
Fenton has previously explored alternative frameworks for financial assets. In an earlier piece, he proposed storing small crypto paper wallets in secure vaults to back new currency notes. He has also commented on the corporate history of Beats, noting its $3 billion sale to Apple in 2014 following its creation without a founder.