And the salespeople seem hungry. Also, apologetic.

I no longer do business with Best Buy for any reason.

The largest institutional shareholders of BestBuy (BBY) include:
Vanguard
Fidelity
State Street
BlackRock
JP Morgan
Geode
Northern Trust
And other of the largest money-management firms, whom operate collaboratively, forming virtual monopolies amongst the largest corporations in every single industry.

http://investors.morningstar.com/ownership/shareholders-major.html?t=BBY

The largest institutional shareholders of Amazon (AMZN) include:
Vanguard
Fidelity
State Street
BlackRock
JP Morgan
Geode
Northern Trust
And other of the largest money-management firms, whom operate collaboratively, forming virtual monopolies amongst the largest corporations in every single industry.

http://investors.morningstar.com/ownership/shareholders-major.html?t=AMZN

By owning such large swaths of shares (often 40 percent or more), these large institutional shareholders wield tremendous control over corporate Boards, Executive Management, and thus operations, policies, etc.

Take a look at many supposed “competing” corporations, like Apple. Alphabet, Amazon, Microsoft, IBM, Kroger, WalMart, Whole Foods (via Amazon), the largest defense contractors, the largest banks, the largest insurance companies, the largest pharmaceutical companies, etc., you’ll see the same largest institutional investors again and again.

This is all part of the new American “planned market economy”, that is, “capitalism” only for a select few, the new-feudal Lords.

An article titled “Institutional Investors and Their Impact on Company Growth” by Gijs van de Wetering highlights this well.

“By having such a large position, institutional investors (e.g. pension funds, hedge funds, life insurance companies, etcetera) play a significant role in multiple aspects of the economy as a whole and in financial markets.”

“Institutional investors….have a more specialised knowledge to select the right firms and more power to monitor the managers correctly.”

“Chen et al. (2007) have shown that true long-term focused institutions exert more effort on monitoring than on investing.”

In fact, many of these institutional shareholders provide management consulting, ensuring their held corporations comply with standard operational procedures.

Further, “institutional investors hold[ing] a large portion of a firm’s shares, which they cannot sell easily without the risk of lowering the share price too much.”

Thus, these large institutional shareholders, aside from actively managing business operations and management, provide return value to that business by providing stability of share pricing, even rising stock pricing (via supply/demand).