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Originally Posted by Rant
Anyone know why Vanguard is so hot on getting me to vote my shares (or give them permission to vote, or whatever...)? I've gotten multiple calls and this has never happened before.
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Originally Posted by jalexand42
Me too. I thought that was pretty weird.
so I have been receiving Barron's for free. I am receiving it because I do a lot of clicking on the internet/signup for stuff, that's my only guess.
Today, I read an article titled "Blood Money." It had a caption "Vanguard tends to couch its ethical arguments in financial, not moral, terms."
It was interesting, a group of activists is asking Vanguard to adopt a new policy to avoid buying stock in companies that "substantially contribute to genocide or crimes against humanity." Vanguard is urging voters to vote against the proposal, Vanguard wants to continue to contribute to such companies, one noted in the article is PetroChina.
The article mentioned this too: "The proxy gives fund managers discretion over when to raise red flags. Sudan(he says, Eric Cohen - Investors Against Genocide), was an obvious case of genocide that Wall Street chose to ignore. The gov't and its proxies slaughtered hundreds of thousands of civilians in the Darfur region."
Kind of crazy. I have never thought about implications of things I hold in my portfolio(I am strictly target date through Vanguard). I learned something today and need to read more.
Does anyone here read Barron's often? What is the general view of the paper? is it bias in anyways?