America’s corporate governance system is broken, and it’s killing public companies. Look no further than Cracker Barrel: Decades of brutal mismanagement have seen one incompetent CEO after another walk away with a massive paycheck while customers and actual shareholders take a beating. Why does this keep happening? Because proxy advisory firms like ISS are corrupt. They blindly rubber-stamp failing boards year after year, protecting the corporate elite while burning shareholder value to the ground. The root of the rot is index funds. There's no question that indexing one's money is a smart financial move for most people. But just because you passively index your investments doesn't mean your corporate votes should be handed over to the managers of your fund so they can play politics. Right now, passive funds hold massive, unchecked voting blocks while having zero skin in the game themselves. It is time for a simple rewrite of the rules: We need to index the votes of index fund investors. Passive index funds should be forced to automatically split their votes to proportionately mirror those of retail and active institutional shareholders — the people actually doing the research, risking their capital, and fighting for performance in the companies they hold shares in. No more rubber-stamping. A change like this will immediately strip corrupt gatekeepers like ISS of their toxic influence. True accountability happens when lazy, overpaid boards actually answer to the stakeholders they represent, rather than screwing them over. Actual, logic-driven governance when your money is passive happens when your vote passively follows the voting decisions of the actual market. We need to stop letting passive capital protect active incompetence. By stripping index funds of their arbitrary voting power and empowering engaged investors, we will finally torch corporate cronyism and usher American capital markets into a golden age of capitalism.

JUST IN: Texas moves to hold the Proxy Advisory Duopoly accountable for deceiving consumers and pushing the woke agenda. Let's break it down👇 Texas Attorney General @KenPaxtonTX has filed a lawsuit against one of the two main proxy advisors in the proxy advisory duopoly, @GlassLewis, alleging that the foreign-owned firm made false representations about its services to investors across the country, including in Texas and violated the Texas Deceptive Trade Practices Act-Consumer Protection Act. The lawsuit argues Glass Lewis's advertising is deceptive and fails to inform client of its ESG priorities. This is HUGE — Glass Lewis has spent years prioritizing racist DEI quotas, climate activism, and other outdated ESG policies while claiming to serve investors' financial interests. This deception is not just financially reckless but also illegal and must be met with consequences. This lawsuit is just another example of Texas leading the way to stop woke agendas and protect consumer investments from political activism.