[LINK] Bruce Schneier: Privacy eroded in virtual world
cas at taz.net.au
Fri Feb 25 16:42:45 EST 2005
On Fri, Feb 25, 2005 at 02:52:41PM +1100, Deus Ex Machina wrote:
> and who owns these corporate? mostly pension funds.
in some cases. in others they're privately owned (e.g. glenmore and xstrata
currently trying to take over WMC). in other cases, they are majority owned
by a handful of big investors AND other corporations, with anywhere from none
to thousands of tiny investors
> that my friend is you.
and who controls the funds? certainly not tiny investors. the board and the
executive of the funds control them - and they're often the same people who
sit on the boards of the kinds of corporations they invest in.
even in cases where shares are held by many tiny investors directly rather
than through a fund, they don't have any influence over the corporation's
activities or policies, even if they combined all their votes. this is why
there are small-investor's associations throughout the capitalist world
craig sanders <cas at taz.net.au> (part time cyborg)
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