In many instances, corporate proxies may make it easier for hostile takeovers to be made. It is not always true that making it easier to foster corporate takeovers is in the best interests of all stockholders.
The objectives of many of the takeover artists are often solely for quick, short-term profits. That may not be the long term interest of the corporation or most of its shareholders.
Yet, much of the recent legislative pressure in Washington from the administration has been to accomplish this purpose.
This does little for corporate democracy. It helps reimburse party loyalists and unions and their lobbyist funding. ( See the Earl J Weinreb NewsHole® comments.)
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