Good move by the S&P. The traditional cooling period after an IPO before the company can be integrated into the major stock indices is there for very good reasons.
Today's SEC proposal to repeal its 2024 disclosure rule on climate-related financial risk for large public companies is a sweeping reinterpretation of the agency’s disclosure authority and will leave investors and markets without critical information. ourfinancialsecurity.org/news/sec-usi...
"While you're dreaming of Tesla-sized returns from the $1.75 trillion-dollar space venture, Musk has quietly architected an investor-hostile structure that sets new precedents in modern tech." [3/4]
"Class actions, jury trials, and board challenges just became extinct for SpaceX investors. The company's $75 billion IPO filing reads like a masterclass in corporate entrenchment." [2/4]
More on the pending SpaceX IPO — an unprecedented attack on investor rights to hold corporate management accountable. [1/4]
www.msn.com/en-us/money/...
#CorpGov #ShareholderRights #ESG #SRI #ProxyVoting
...which challenged Musk at his electric-vehicle company, Tesla, with a shareholder proposal that won 49% of the vote in November. [2/2]
#CorpGov #ShareholderRights #ESG #SRI #ProxyVoting
