"Capitalism is a simple bargain: you provide cash and in exchange you receive a share of ownership. Owning property comes with rights, the right to vote on who will represent you on the board of directors, the right to request and receive information needed to decide if you want to sell or buy more shares, and the right to have a dialogue with management to raise material concerns that affect the value of your asset."
"By threatening to roll back Regulation S-K, refusing to adjudicate shareholder resolutions, not allowing shareholders with less than $5million to file exempt solicitations, and not requiring disclosure of material risks, they are transforming public corporations into private fiefdoms with no accountability. The Administration is telling owners of capital-you, me, retirees, pension funds, and endowments-that we have no recourse. We are expected to write checks and not ask questions."
Capitalism functions as a bargain where investors supply capital and receive ownership rights, including voting, information access, and dialogue with management to protect asset value. Current policy and regulatory moves threaten those rights by rolling back Regulation S-K, refusing to adjudicate shareholder resolutions, restricting exempt solicitations for investors under $5 million, and weakening material-risk disclosure. Those changes convert public corporations into private fiefdoms lacking accountability and constitute a seizure of property rights. Prohibiting shareholder inquiries about supply chains, workforce stability, and governance blindfolds investors and prevents fulfillment of fiduciary duties to evaluate material risks.
Read at Fortune
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