Is Common Sense Returning? Let’s Hope So: ALEC CEO Lisa B. Nelson in Newsmax
Common sense has always been one of our nation's greatest strengths.
The latest op-ed by ALEC Chief Executive Officer Lisa B. Nelson was recently featured in Newsmax, discussing how major companies are returning to the basics: serving customers, respecting shareholders, and focusing on the fundamentals of running a business.
Lately something interesting has been happening: common sense is quietly making a comeback.
Look no further than several recent decisions from major companies — decisions that, not long ago, would have been considered obvious.
Take banking.
Both Wells Fargo and JPMorgan Chase recently moved away from the increasingly controversial practice of “proxy voting.”
In recent years, asset managers have wielded enormous voting power in corporate boardrooms — often on behalf of millions of passive investors who never explicitly approved the ideological positions being taken in their name.
Allowing individual investors more say over how their shares are voted isn’t radical.
It’s simply restoring the principle that your investments should reflect your own priorities, not the preferences of a handful of executives or activists.
Wells Fargo and Chase are doing exactly what shareholders expect them to do — prioritize success over ideology.