Part 11/13:
This mobilization underscores a larger issue: the importance of shareholder activism and oversight in corporate governance. The Tesla community’s ability to sway opinion—by threatening mass withdrawals—serves as a wake-up call to institutions like Schwab, BlackRock, and Vanguard. It spotlights the systemic flaws: some organizations may abdicate responsibility, merely following flawed recommendations from proxy advisers driven by political or ideological agendas.
The victory against these “proxy terrorists” lends credence to the idea that retail and institutional shareholders can serve as watchdogs, promoting transparency, accountability, and alignment with shareholder interests, especially in innovative, high-growth companies like Tesla.