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Showing posts from July, 2008

Proxy Votes for Social Action

Millions or billions of stock proxies go un-voted every year. Or if people bother to vote them, they just vote with the board, or their votes are somewhat random, cancelling each other out. People just don't have enough information (or time to comprehend, let along gather, all the information needed) to make their vote meaningful.

What if there were a website you could go to, that specialized in voting your proxies for you - in a meaningful way, consistent with your personal beliefs? They might also "recommend" stocks - not based on potential profits, but based on companies they think it would be strategically important and possible to influence - with email updates on how and why they're voting particular ways, to keep people visiting and involved in the site.

And as several organizations set up these services (probably sharing a single service that handles the technological side for them, but with their own labeled/URL front-end), they should be able (with the pr…