At Prospr, we believe that informed investment decisions are rooted in data and values and a deep understanding of principled capitalism. Our research, articles, and thought leadership are crafted to guide investors in making informed, principle-driven decisions.
Relocation, relocation, relocation Springtime migrations aren’t just for birds. Last week, ExxonMobil, a Fortune 10 company, decided to leave its longtime corporate domicile of high-tax New Jersey for business-friendly Texas. For decades, a handful of states such as Delaware, with its hospitable corporate law, and California, Illinois, and New York, with their capital resources, held too strong a […]
Last week, Vanguard reached a $29.5 million settlement with the Texas Attorney General and a coalition of states over allegations tied to ESG-driven proxy voting and stewardship conduct. Vanguard denies wrongdoing, but the settlement imposes binding “passivity” commitments and expands proxy-voting choice. For state fiduciaries, this is not about scoring political points. It is about […]
Two of America’s largest banks—Wells Fargo and JPMorgan Chase—are quietly making one of the biggest governance pivots in years: bringing proxy voting back in‑house. Wells Fargo has cut ties with ISS and built an internal proxy‑voting service, and JPMorgan is centralizing voting decisions under custom, internally controlled frameworks instead of relying on advisory templates. For […]
State Fiduciaries, Check Your Proxy Votes: Did your state’s pension fund or endowment vote with Visa’s management — alongside 92% of shareholders — on a recent controversial proposal? If you’re not sure, it’s time to find out. This past proxy season, Oklahoma’s Tobacco Settlement Endowment Trust (TSET), led by State Treasurer Todd Russ, filed a shareholder resolution at Visa. […]
On December 11th, President Trump signed an executive order that could mark one of the most significant shifts in corporate governance in decades. For years, proxy advisory firms—Institutional Shareholder Services (ISS), Glass Lewis, and the smaller Egan-Jones—have played a central role in shaping how shareholders vote. Historically, these firms leaned heavily toward supporting environmental, social, […]
Forget the Activists, One Trillion Dollars for Elon and Seven Trillion for Shareholders is a Good Deal At Tesla’s 2025 Annual Meeting this week, shareholders will decide whether to approve a performance-based compensation plan for Elon Musk. The plan is simple: Musk earns nothing unless Tesla achieves extraordinary results, including increasing its market capitalization from […]
In a political climate where many conservative leaders admirably speak out against corporate activism, Oklahoma State Treasurer Todd Russ is going beyond communications about the companies in the portfolios he has responsibility for—he is using direct actions. As chairman of the Tobacco Settlement Endowment Trust (TSET), Russ has become the first red-state financial officer to use the shareholder […]
