Vanguard and Blackrock are just asset managers. Public companies are owned by everyone with mutual funds, like pension funds and individual retirement accounts.

https://factcheck.afp.com/doc.afp.com.34N76K4

Thanks, but ”just asset managers” feels a bit generous, from that same link; ”But large asset managers may help bring issues to the attention of boards.” Is that the case here, no idea (likely not), but I do find it strange that both Visa and Mastercard refuse to take part of the multi billion dollar industry that is adult content. I have heard that it’s a volatile market with a lot of cash backs and fraudulent transactions, but they are happy to participate in other such endeavors.

How many more trillion dollar of assets do they need to "manage" before people start realizing that for all intents and purposes the one moving money around has more power and influnce than the one that actually owning it. See ESG score