Vanguard like most other mutual funds / etfs are passive. They are irrelevant on issues such as these. You don’t need much of a stake to make a huge stink and hold sway
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My point there is that Murdoch has less than 8%. Yes, he can influence the board, but he didn't sell 20th century Fox to Disney as part of a ploy to take over Disney itself. I doubt this particular deal is Murdoch-related. The guy is 93 years old and has bigger issues in his life.
dec 15, 2024, 10:46 pm • 5 1 • view
Not arguing that just pointing out that most activist investors have less than 10%. Closer to the 5% level Comparing to vanguard is irrelevant
dec 15, 2024, 10:48 pm • 1 0 • view