"We clearly are interested in seeing how they are going to demonstrate their commitment to all the shareholders of the company, and not just the Murdoch family," Campos said.
The power of major shareholders to appropriate corporate revenue has grown as the power of workers to win raise increases has dwindled — even though the actual commitment of shareholders to any one corporation has diminished.
Except, of course, the shareholders.
Yet even with that kind of commitment from public shareholders, the takeover cannot be completed without the approval of the Taubman family, which has enough voting control to block a deal -- about 30percentt of the voting shares -- and has so far rejected multiple offers from Simon Property.
BLOOMBERG BUSINESSWEEK | GMO Redstone to Miss Shareholder Meeting | Sumner Redstone won't be able to attend Viacom's annual shareholder meeting next week because of a conflicting commitment, but "will be addressing the shareholders in a video presentation," a spokesman said, according to The Wall Street Journal.
The agreement between the shareholders – which includes a commitment to invest £115m between them covering development, launch and the first four years of operation – ends on 31 March next year.
Power balance represents the relative balancing ability of the other shareholders to the largest shareholder.
Racing to stay one step ahead of a hostile takeover by Oracle, PeopleSoft yesterday began an all-out drive to gain commitments directly from shareholders of J. D. Edwards in hopes of speeding its friendly deal to acquire the company.
As much as returning Rangers to the status of title challengers is about King's emotional commitment to the club, it also is the only means by which the shareholders will see the value of their original investment rise again.
