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Lumifer comments on Call for information, examples, case studies and analysis: votes and shareholder resolutions v.s. divestment for social and environmental outcomes - Less Wrong Discussion

-1 Post author: Clarity 05 May 2016 12:08AM

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Tags: investing social battles proxy governance corporate altruism effective

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Comment author: Lumifer 10 May 2016 02:41:30PM *  1 point [-]

That is like saying that in my coffee shop I do not care about whether my customers enjoy their coffee.

This is also like saying that in order to harm the coffee shop you will attack the customers. Attempts to punish the company by inflicting pain on the shareholders are unlikely to make you popular with those shareholders.

The point is that if you don't care about your shareholders and shootcrap your company, your competitors will find it much easier to raise capital.

Citation needed. Can I see some empirical data where activists' efforts at divestment actually, in real life, led to the rise in the cost of capital for a company?

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