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"I'd like to see the shareholding change," he said.
A spokesman for JC Flowers confirmed there were no plans to raise the shareholding.
Ten firms lowered the shareholding threshold at which a protective arrangement could be activated, double last year's tally.
The many conflicts of interest of the shareholding institutions are described in gory detail by John Bogle in a new book, "The Battle for the Soul of Capitalism".
To fight them off, Japanese firms have been adopting so-called poison pills that can dilute the shareholding of an unwelcome purchaser.
Some part of the shareholding needs to be reserved for financial institutions – but that proportion scaled back if the public demand exceeds expectations.
Similar(22)
Indeed, the whole shareholding structure of EADS looks unstable.
Last month the taxpayer shareholding fell below 9%.
The precedent is the 20% shareholding that Lower Saxony still holds in Volkswagen.
Do you know what the median shareholding is in the United States?
That's a crucial difference - Hollinger Inc is the personal shareholding vehicle of Conrad Black and David Radler.
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