Cathie Wood, founder of ARK Investment Management, is facing criticism as her flagship fund, ARKK, has seen a 17% decline this year. Morningstar has labeled her as the worst 'wealth destroyer' due to the fund's poor performance, wiping out $14.3 billion in shareholder value over the past 10 years. This comes amidst outrage over Tesla's Board of Directors allegedly pushing through an excessive pay package for Elon Musk, leading to concerns about corporate governance and financial transparency.
Ark Investments tops Morningstar list of 'wealth-destroying ETF issuers -report https://t.co/4AXbwnsGZ7 https://t.co/xZnBkqgkOp
Ark Investments tops Morningstar list of 'wealth-destroying ETF issuers -report https://t.co/LaK7BLVRA0 https://t.co/ofuHNBwFg7
😬 (Reuters) - U.S.-listed exchange-traded funds (ETFs) managed by Ark Investment Management have wiped out a total of $14.3 billion in shareholder value over the 10 years ended Dec. 31, 2023, according to a report by Morningstar Inc. That is more than double the estimated total… https://t.co/NdSuA6VhI9
⚠️ ARK INVESTMENTS TOPS MORNINGSTAR LIST OF 'WEALTH-DESTROYING ETF ISSUERS -REPORT Full Story → https://t.co/WJVXp6NDq1
ARKK -17% this year. My math must be wrong.
$ARKK $TSLA OMFG @CathieDWood #Clown https://t.co/0UpFSR243s
S&P 500: Morningstar Calls Cathie Wood The Worst 'Wealth Destroyer' 🔥💵 Investor's Business Daily https://t.co/7KJW2NWNJD
Cathie Wood is outraged that long-standing law is actually being enforced which prohibits $TSLA BoD—any BoD—from lying to shareholders to push through the astronomically excessive pay package demanded by out-of-control greedy egomaniac autocrat Elon Musk. Don’t be like Cathie. https://t.co/nyGlCI0Xg9