Matt Levine, Columnist

BlackRock Lets Its Clients Vote

Also Twitter ads, free-riding and unusual hedge-fund jobs.

November 3, 2022 at 6:04 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Programming note: Money Stuff will be off tomorrow, back on Monday.

A decent first cut is that shareholder voting doesn’t matter. That’s not completely right or anything. Sometimes there are things — proxy fights, controversial mergers, new share issuances for meme stocks — where the shareholder vote really matters. But for almost every US public company, almost every year, the things that come up for votes are: