Bryan Steil: “Proxy advisors give bad advice, as seen in the Travelers…”

“You know, we think there was no new circumstances, no new facts other than just opponents of the rules, you know, weren't happy with them. I agree with you. And as we look at this, what, what happens then when Proxy advisors give bad advice, as seen in the Travelers example where a proxy advisor recommended what would have been an illegal action. and voted in favor of that. And then we see a robovoting move forward and we see over 40% of these asset managers agreeing with an illegal action that would have forced Travelers to reprice their insurance based on race.” (03:28–03:33)

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