Less than three months ago, Eliot Spitzer discussed the potential of Moxy Vote in an article at Slate. In the piece, he said improved corporate governance “will, and should, come from the activities of [retail] shareholders, aided by new technology” such as Moxy Vote.

But last week, in another article for Slate, he changed his tune. Now, he’s saying it would be “cat herding” to try to enlist all stock owners in a shareholder revolution. Apparently, he now thinks large institutional investors are the only ones that can get the job done. Institutions have held the power for years and have NOT gotten the job done, so why should we expect that will change now?

In any case, I’m not sure why he had a change of heart.  Maybe he didn’t like the gnome skeetshoot in the video we released last month?