Look, the shareholder proposal process under Rule 14A8 was meant to give real shareholders a say in how companies they own or run, holding boards accountable and driving long term value for America's retail investors who are saving for retirement. But Under the Biden administration and SEC Chairman Gary Gensler, [Rule 14A8] has been turned into a playground for activists. in special interest outfits shoving their ideology and political crusades down the throats of companies that just want to focus on growing their business and raising capital. (02:31–02:48)
CLAIM
Asserts that Rule 14A8 has been misused under the Biden administration and SEC Chairman Gary Gensler.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
