I suspect that last paragraph is most of the reason they chose the default they did. They are already going to get a bunch of pushback on the change, and the closer to a 1 to 1 swap it is, the less pushback there will be.

The other point is, the more likely it is to just play nice with files coming out of MS Office, the less they’ll need to waste time and IT resources troubleshooting things, even if the fix is literally clicking ok on a dialog box.

I’d potentially be down for that, depending on how shareholders who operate entirely through retirement funds are hit. Like, I don’t actually know what stocks my retirement account has. Just the fund that I have my retirement in. The closest I can get is to see the mix (small cap, large cap, bonds, etc.). Would the people deciding the mix get hit? Would I get a fine for something I didn’t even know I technically owned?

Maybe limit the fine to the vote eligible shareholders and the board of directors, but add a 0 or three to the end of the numbers you were thinking.