Bangor Daily News Bangor, ME, December 13th, 2007
A recent Securities and Exchange Commission vote to weaken shareholder rights should, as the board's chairman has promised, soon be reconsidered to ensure that stockholders retain a needed voice.
Shareholders are the owners of a corporation. Ideally they elect a board of directors to set policy and appoint managers to carry it out as they run the company.
But as the mortgage crisis deepens and many of the leading banks and other financial corporations are losing billions of dollars, some shareholders feel betrayed by ignorance, inattention and greed at the top. They complain that managers ar...
HighBeam Research, Free Preview: 'SIDELINING SHAREHOLDERS'... Full Membership required for unlimited access. Free 7-day trial.
Subscribers: HighBeam content is only available to HighBeam subscribers. Click the link above for more information.
