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Now that IShares has stopped paying dividends, I feel like it was a bait-and-switch. Are there any plans to ensure public companies act in a reasonable way, like there is in real life?
Not sure. Personally I sold all my public company shares as I'd be better off putting the cash in bank for now. I think public shares will have potential in the future it'll just take time.
Now that IShares has stopped paying dividends, I feel like it was a bait-and-switch. Are there any plans to ensure public companies act in a reasonable way, like there is in real life?
Quoting IPO Rules:
RULES APPLY to public companies. The public company directors MUST work towards the favour of all shareholders. This means no withdrawing funds to particular owners, no shady loans or deposit, etc. Breaking these rules will lead to a banishment!
Not sure why you think IShares has stopped paying dividends or should be paying them at all, the company never promised anything.
Also, the company has never done anything to reduce it's value on purpose (it is even being subsidized for free by BlackRock).
Apart from a lot of company assets, IShares currently owns 6 high valuable plots of land in LA that will either go on sale (for a spectacular bid) or they will be turned into apartments for regular earnings, can't tell how soon since it requires quite a bit of (seemingly hard to get) resources.
