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Thanks for your info in response to my question. I think if more people own stocks directly rather than through mutual fund managers, shareholder activism could become a very effective tactic, but I don't see that achieving critical mass soon.

As far as the ethical arguments, I must confess that I find the terms "socially responsible" and "investing" to be mutually exclusive. The people who actually work at your "good" companies could really use the extra money that you pocket instead.

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