In many instances, corporate proxies may make it easier for hostile takeovers to be made. It is not always a given 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 takeover purpose.
This does little for corporate democracy. It helps spcculators. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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