even iconic businesses like apple or procter & gamble have felt this pressure. we need a new generation of committed long-term investors to provide a counterweight to the hit and run activists. some institutional investors already are beginning to push back. andeed more pension funds proxy advisory firms to do so as well. controlional investors 70% of the shares in the largest 1000 u.s. companies. they have unmatched influence and therefore an unmatched obligation to guide companies toward strategies and metrics focused on long-term value. there are things government should do as well. as president, i would order a full review of regulations on shareholder activism, some of which have not been re-examined in decades, let alone modernized to reflect changing realities in our economy. we also have to take a hard look at stock buybacks. investors and regulators alike need more information about these transactions here to capital markets work best when information is probably an widely available to all -- promptly and widely available to all. requirevanced economies