Today I was greeted by a great piece of news in the WSJ, at least from an investor activism result perspective. On one hand there is the mandate to maximize shareholder return and the on the other, there is to invest responsibly. Both sides have their arguments. Fidelity calls it an attempt to micro manage and too prescriptive. The human rights activists are calling the investments as being substantially contributive to genocide.
I think both those arguments are valid and if someone were to look closely, maybe we could come up with a system to prevent any such future tarnished investments. For now, I am happy to report that the ground level investors can make a difference if they so choose. That I believe is the real victory here. Money speaks...and it can be a beautiful language.
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