I'm Nicole Lapin, the only financial expert you don't need a dictionary to understand.

It's time for some money rehab.

If you've got a 401k or if you're investing using my index funds and chill approach, you're probably

a shareholder in some of the biggest companies in the world, companies like Berkshire Hathaway or Tesla,

or maybe you're even invested into them directly. And that means you have the power over how

these companies make decisions. Yes, you can vote on what these companies do, who runs them,

and how they spend your money.

Even if you're a fund investor, there's a growing trend toward pass-through or proxy voting.

But here's the thing. Most of us do not use that power. And while we're sitting it out,

someone else is stepping in. And they're using shareholder activism not to boost company performance, but to push political

agendas. Right now, Berkshire Hathaway, Warren Buffett's company, one of the biggest and most

stable in the world, is being targeted by what some experts are calling extremist proposals from

far-right activist groups. If they succeed, it could completely change what corporate America is for.

Are companies supposed to make money or take sides in a culture war? Today, I'm joined by

Neil Minow, one of the leading voices on corporate governance and someone who's been inside

these battles for decades now. She'll tell us what shareholder activism should be, what it's

becoming, and why your retirement

account is more powerful than you think. Plus, Nell is a Tesla investor and has been very vocal

about her thoughts on Elon. We'll get to that too. We have a lot to cover, so let's get started.

Nell Minow, welcome to Money Rehab.

Thank you. I'm very happy to be here.

Very happy to have you here during shareholder activism season. I don't know if that's a season, but it feels that way.

...