Eric Talley Examines SEC’s Rule Change on Proxy Access

The Conglomerate, August 26, 2010 by Eric Talley
http://bit.ly/9QMXpJ

But beyond political remonstration, what does this actually mean for investors? That’s the exciting $60-trillion dollar question. My candid answer is a little less titillating: Given the stock of empirical knowledge we have today, I submit that the only responsible answer to this question is a cautious combination of “it depends,” or “we don’t fully know.” And that’s why I think—a bit ironically—that proxy access may have been the right move for the SEC to take.