Corporate America is being held hostage by three people you have probably never heard of.
The three people — John Chevedden, William Steiner, James McRitchie and their families — specialize in bringing shareholder proposals at annual meetings, urging companies to change their compensation practices or improve their corporate governance.
These three are a force unto themselves. Together, they accounted for 70 percent of all proposals sponsored by individuals among Fortune 250 companies this year, according to a new study by the Manhattan Institute.
Go read the whole thing. Now.