As we have been on this journey for the last 2 and half years we have accumulated knowledge regarding market structure, hedge fund influence, loopholes utilized to manipulate price, and how to own shares in our own name. We have been beaten down by corrupt mods and have had to migrate a few times during this journey. We are harassed and mocked by corporate propaganda channels. We have been confined and our voice limited but our will to change how our market works will not be diminished. We need to find new ways to fight against Wall Street and expand our voice. One of the ways to give more credibility and resilience to the movement is to create an Activist Investor Group.

An AIG is a group of investors or in many cases hedge funds that utilize their share power to restructure corporations in a variety of ways. One such way is by using their shares to change the board of directors. This allows the group a direct voice in decision making in the company and how policies should be made. Most of these activist investor groups have been facing off against climate change in order to change company policy regarding its impact on the environment. I have compiled a small list of Activist investor groups so you can read what they do and the impact they have.

Climate Action 100

SOC investment Group ShareAction

Follow This

As you Sow

“Follow This submitted another resolution, this time asking Shell to align its emission targets with the Paris climate agreement. Shell directors call this proposal a ‘fundamental misunderstanding’ and ‘unreasonable’, but 6% of shareholders voted in favour of it, double that of 2016.”

“Our money should power social progress. We hold shares in some of the biggest companies and every year, we organise questions at annual general meetings (AGMs) to challenge them on the issues that matter. We also gather together individual and institutional investors to co-file resolutions on specific topics at companies to demand change.”

There are many instances where Activist Investor Groups write a letter to the board and cause changes in the board makeup.

At Kohl’s an AIG with 10% of the shares cut down board nominees.

SpartanNash had to fight off an AIG with 5% of shares that sought to replace board members.

Exxon, Chevron, Shell all have faced off growing AIGs that seek to reform the company from the inside. With their collective power they continue to combat greedy wall street execs in order to gain their own power within the company. When searching about AIG there are many articles that present them in a negative light. Including this article about Exxon where the climate group was able to gain a couple board seats.

Activist investing is seen in a poor light by many as you are challenging the status quo. MSM put out articles bashing groups that look to utilize their share power to change a company. Many consulting groups put out guides on how to protect against activist investors. As we have experienced, directors are a way for hedge funds to control a company bringing it down from the inside. What if a group of investors that band together in common interest does the same thing? With a collective might we will be able to have a direct say in a company and influence decision making including decisions such as an NFT dividend.

Here is an article by Harvard Law that talks about shareholder Activism. CFI also discusses what shareholder activism is and even mentions Carl Icahn. The SEC released a paper called: “Proxy Access Reform: The SEC Makes It Potentially Easier for Shareholders to Nominate Directors” regarding shareholders and their role in appointing directors. There does not seem to be much material regarding shareholder groups as most of activist investors are either a hedge fund or a person such as Carl Ichan and Ryan Cohen. If we decide this is a path to take we will be trailblazing a new frontier for shareholders.

With an AIG we as shareholders will be able to engage directly with Gamestop and the Board. We will be able to put forward proposals and resolutions communicating our concern. With an AIG it will be a front that can be used to directly engage with the SEC or any other institution on a legal front.

This then leads us to the questions of how do you create such a group? One way is to create a non-profit, then will have to register the group, create branding and a name. Lawyers will have to be involved especially when setting up the bylaws and organization. Where will funding come from and how do we determine the leaders of the group?

We are creating something that has never been done before so we should be innovative in our structure and governance. We have repeatedly seen bad plans and bad actors take advantage of us and hinder any progress. Is there a decentralized structure that can be created? What safeguards can be created to prevent institutions from joining in?

More research is needed and I encourage you all to dig into what is possible with an AIG and how we can best utilize it.

  • MozooZ
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    1 year ago

    One way is to create a non-profit, then will have to register the group, create branding and a name. Lawyers will have to be involved especially when setting up the bylaws and organization. Where will funding come from… ?

    I would most certainly be willing to contribute to a fund for lawyer fees. Also, there’s the possibility someone may work pro-bono (free) or at a discounted rate.

    I really like the idea of an AIG for having GameStop do something related to IRA custodianship, as well as amending DirectStock (plan) in such a way so there is no “plan” option at all. See this post: https://lemmy.whynotdrs.org/post/20319

    Fantastic post. Looking forward to learning more and reading comments here.

    Edit: oh I meant to say:

    from what I’m reading, AIGs with merely 5% or 10% of shares held are affecting change. We have over 25% who are directly registered. Granted, not every single last person DRSed will join the AIG, BUT many who are not DRSed will hear about the AIG and then 1) likely DRS and 2) join the AIG.

    This has the makings for being not only a strong way to market/advertise the larger GameStop brand and investor-base, but also being completely, utterly historic. No other company in all of history has had over 25% of their shares directly registered - and then many of those representing an AIG… yep, historic - legendary even.

    • Hotpotato
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      1 year ago

      I couldnt agree more on this. What do we need to start one up?

      • MozooZ
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        1 year ago

        Well, we’re working on it. When you have some time do some digging of your own. That will certainly make a difference.