To boost their returns, Japanese companies are expected to gradually sell off some $500 billion worth of shares that are the basis of the shareholder-unfriendly keiretsu webs of cross-shareholdings.
(Mordechai Liebling, "The Jewish Basis for Shareholder Activism," The Reconstructionist, 69 2, Spring, 2005, p. 33-4).
They then send the list of potential shorts to outside consultants, who rank them according to social irresponsibility on the basis of environmental records, shareholder rights and client and employee complaints.
Thus any model of CSR needs to be a morally strong and consistent counterweight to the dominant paradigm of profits-first which is present in the typical business school curriculum - a curriculum which has been extensively criticised on the basis of its over-emphasis of shareholder value at the expense of societal and environmental welfare.
Mr Annett, with Mr Jones, founded Glas Cymru 12 years ago, and he said the idea stems from the notion that having a public service company, which is a monopoly, being run on the basis of profit maximisation for shareholders does not work in the customers' interest.
In fact, our company has publicly embraced and acted on its commitment to universal access to health care for all Americans for many years, and achieving it has been the basis of a continuing dialogue with our shareholders since at least 2002.
The report points to recent research spotlighting this error, such as the 2010 Harvard Business Review article, The Myth of Shareholder Capitalism, which sums up the results of a review of 100 years of legal theory and precedent by stating that "there is no legal basis for the idea of shareholder supremacy".
v i is the identity of shareholder P i which is public information to all shareholders.
Firestorms of shareholder angst!
"The basis of this proposal had been put to shareholders verbally on Friday and rejected," the airport said.
