Citi, Wells Fargo, and BofA: Will Shareholders Stand Up? – Fortune

At Citi, Wells Fargo, and Bank of America’s shareholder meetings on Tuesday and Wednesday, we will witness just how much we now depend on investors at the largest banks to protect us from worldwide economic collapse. At the same time, we’ll also likely realize that very few shareholders are actually willing to speak up to safeguard us.The mega-banks’ shareholder meetings come at a critical moment for the brand of capitalism that has been dominant over the past few decades. As the primary election campaigns have shown, many Americans are actively debating the appropriate role of corporations in society. The big banks’ actions and considerable might are under scrutiny, and for good reason.

Source: Citi, Wells Fargo, and BofA: Will Shareholders Stand Up? – Fortune

One thought on “Citi, Wells Fargo, and BofA: Will Shareholders Stand Up? – Fortune

  1. Too many shareholders of these banks are co-dependent on the banks from being passive owners. The biggest shareowners of Citigroup, for example, are Vanguard, SSgA, BlackRock and Fidelity. All favor “quiet diplomacy’ in corporate governance. If they say anything at all to each other it won’t be at the meeting and we won’t hear it.

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