Re: Purchasing & CEOs are idiots
Private equity and activist investors but up billions to have a seat on the board (or force themselves onto the board), and influence direction of companies. A Private Equity firm can hold <5% with having to file Schedule 13D.
Chinese and Indian Investors targeted Walmart by having stock and bond holdings and demanding that Walmart purchase their goods from China and India and others. They also pressure them to buy consulting services from companies like Infosys, request H1-B Visa increases etc.
Walmart isn’t US workforce ideological, rather just pro-profit so this wasn’t considered a terrible idea to them.
Microsoft isn’t owned by Americans or “Bill Gates”. It’s largely owned by multiple private equity holders that can hide in the shadows, and can be manipulated by Chinese State Interests.
Blackrock being one of the largest. But the number of smaller (<4%) PE Companies is significant.
This is due to activist private equity firms that want access.