Pace Money Stuff today on large institutional investors should call up Gilead and tell them “Don’t sweat the profits just make a treatment for coronavirus; we can take the loss on your stock to make gains across our portfolios.”: Couldn’t you do this via basically proclamation?
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“Vanguard encourages other owners of Gilead, including e.g. management, to take this substantial premium over the current price into consideration when weighing your future investment decisions. To reiterate: if free treatment, we will happily buy all of your shares.”
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That sounds illegal, which should be obvious if you replace "make a coronavirus vaccine" with a less noble goal.
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What law does this break, specifically?
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It would be a shareholder proposal
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I wonder if this is a collective action problem.
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