"It literally is a thankless job," Chapman said, of his literary efforts on behalf of shareholders.
Instead of overseeing management on behalf of shareholders, boards have acted as servants of management.
Mutuals should be created to aggregate proxy votes, and cast them on behalf of shareholders.
"We do not think the Astra management have done a good job on behalf of shareholders.
For 31 years, he had a successful career practicing securities law, suing corporations on behalf of shareholders.
Trial lawyers acting on behalf of shareholders have already taken aim at Merrill and, more recently, Citi.
Under a decision by New York's highest court, the attorney general can recover losses on behalf of shareholders.
"It is a very fearful move that is not going to create confidence on behalf of shareholders or the public".
Still, an increasing number of senior executives are committed to running the business in behalf of shareholders.
An indictment or plea bargain could expose Exide to class-action lawsuits filed on behalf of shareholders or DieHard buyers.
"This is the single biggest case of value destruction on behalf of shareholders of all time," the fund manager said.
