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Big Asset Managers like BlackRock are Pressuring Stock Exchanges to Limit a Growing Practice that 'Poses Danger' to Young Companies

Business Insider
  • BlackRock, CalPERS and other influential governance critics are asking two stock exchanges for more fairness in voting rights.
  • A group representing funds and firms petitioned the New York Stock Exchange and NASDAQ on Wednesday to limit companies' trading if they have unequal voting structures.

A group that represents big funds like BlackRock and the California State Teachers' Retirement System is seeking to limit what it deems unequal voting rights at public companies...

Mentions: Management Public Companies Investors