If you don’t have shareholder voting privileges, you are not meaningfully in control of anything in the situation. OP said:
Many of us through our 401k are the shareholders demanding returns.
But if you’re invested in a 401(k) you’re not a shareholder, and you’re not demanding returns at a shareholder vote as part of actual company governance. You are not owed specific fiduciary duties by the officers of the companies in question because you are not a shareholder. You’re just a person who invested in a 401(k). These words have hard and fast meanings.
If the RRSP product I have put my money in does not match my expectations I change it, coupled with the fact that the company providing that product will have a harder time to sell said product.
We, as consumers demand “line go up”. So yes, we are meaningfully in control unless you are an extremely passive or captive investor which I am unaware is possible. My RRSP is with Scotia they have multiple products I can choose from and I can move to any other bank at no cost. My pension is with Manulife and they have multiple products I can move my investments between at no cost.
So do you have shareholder voting privileges?
Does it matter? If you’ve invested in something do you not want “line goes up”?
If you don’t have shareholder voting privileges, you are not meaningfully in control of anything in the situation. OP said:
But if you’re invested in a 401(k) you’re not a shareholder, and you’re not demanding returns at a shareholder vote as part of actual company governance. You are not owed specific fiduciary duties by the officers of the companies in question because you are not a shareholder. You’re just a person who invested in a 401(k). These words have hard and fast meanings.
If the RRSP product I have put my money in does not match my expectations I change it, coupled with the fact that the company providing that product will have a harder time to sell said product.
We, as consumers demand “line go up”. So yes, we are meaningfully in control unless you are an extremely passive or captive investor which I am unaware is possible. My RRSP is with Scotia they have multiple products I can choose from and I can move to any other bank at no cost. My pension is with Manulife and they have multiple products I can move my investments between at no cost.