Thinking about shareholders in one broad stroke isn't useful.
There are shareholders who care explicitly about long-term (at least 20~30+ years) profits. These are investors who are investing for retirement. The problem here is most of them hold index funds or have the money managed by a third-party, so they are indirect shareholders who may or may not have voting rights themselves and may not care to vote in the first place. Bogleheading is explicitly about not giving a damn, after all.
The shareholders who hold stocks directly may or may not care about long-term profits. Investors holding for retirement do, though whether they would vote is anyone's guess. Traders don't care who or what the stock is, all they care about is whether they turn a profit in the next second. Investors holding for income today (read: dividends) care about short-term profits, though again whether they vote is anyone's guess. Shareholders who hold for biased reasons ("I love <company>!") will probably vote, but whether they care about profits at all is anyone's guess.
Anecdata: I hold Boeing stock (BA) through SWPPX which is an S&P 500 index mutual fund. Most of my interest is returns in about 20 to 30 years' time when I reach retirement age. I do not have voting rights as far as I am aware, and frankly I can't be arsed to care about voting.
Retail is very insignificant holder of this kind of stock. Less than 10-30% total in most cases of S&P stocks. It's mostly the pension funds, and big investors.
If we're talking institutional investors, logic suggests most of their votes would favour intermediate-term policies overall since their various interests encompass the whole breadth of short-, mid-, and long-term.
There are shareholders who care explicitly about long-term (at least 20~30+ years) profits. These are investors who are investing for retirement. The problem here is most of them hold index funds or have the money managed by a third-party, so they are indirect shareholders who may or may not have voting rights themselves and may not care to vote in the first place. Bogleheading is explicitly about not giving a damn, after all.
The shareholders who hold stocks directly may or may not care about long-term profits. Investors holding for retirement do, though whether they would vote is anyone's guess. Traders don't care who or what the stock is, all they care about is whether they turn a profit in the next second. Investors holding for income today (read: dividends) care about short-term profits, though again whether they vote is anyone's guess. Shareholders who hold for biased reasons ("I love <company>!") will probably vote, but whether they care about profits at all is anyone's guess.
Anecdata: I hold Boeing stock (BA) through SWPPX which is an S&P 500 index mutual fund. Most of my interest is returns in about 20 to 30 years' time when I reach retirement age. I do not have voting rights as far as I am aware, and frankly I can't be arsed to care about voting.