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...
The piece quotes yours truly: "'It closes the voting door, the courthouse door and the proposal door simultaneously. It’s unprecedented,' warns Bruce Herbert from Newground Social Investment." [4/4]
"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]
"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]
...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
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
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.
“[The SpaceX IPO] closes the voting door, the courthouse door and the proposal door simultaneously. It’s unprecedented in terms of creating a total lack of accountability," said Bruce Herbert, CEO of Seattle-based sustainability-focused wealth management firm Newground Social Investment... [1/2]
