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Because of this, shareholders have had an extremely difficult time buying, selling and refinancing their units.
So, in principle, this shareholders' equity is what the shares are worth, all of the shares, $11.9 billion.
On top of this, shareholders were often unable to see that executives' total returns were still riding high when theirs were not because managers to some extent controlled the information that their companies disclosed about their (often very complicated) remuneration packages.
But the central message should be this: shareholders should tell Jenkins they are heartily sick of wishy-washy claims by Sir John Sunderland, the head of the pay committee, that Barclays is "on a journey" to a point where investors get a fairer share of the spoils.
Now let's be absolutely clear about this: shareholders had the power to force banks to behave in a more prudent way.
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So what explains this shareholder fecklessness?
"But reclaiming this shareholder value requires substantial strategic change".
So this "shareholder spring" requires a note of caution.
This shareholder structure, he said, could mitigate the effects of any sell-off by minority shareholders.
In principle a line could be drawn somewhere for this shareholder protection idea.
Big targets were all the rage this shareholder voting season in the United States.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com