h the A Tectonic Shift in Corporate Power JPMorgan’s asset-management division has made a critical move: it’s severed ties with external proxy advisory firms and is now using an in-house artificial intelligence tool—“Proxy IQ”—to decide how it votes on shareholder matters. That might sound like a routine efficiency upgrade. It’s not. This is the biggest bank in the U.S. saying, “We don’t need external judgment anymore.” They’re collapsing a layer of accountability and replacing it with algorithmic decision-making engineered by themselves, for themselves. And here’s the kicker: proxy voting isn’t just administrative. It’s power. It’s influence over corporate policies, executive pay, climate initiatives, and the direction of entire industries. JPMorgan has just decided to keep that influence fully in-house. And…
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