Now, Putnam says, it is dedicated to putting its shareholders first.
For capitalism is rooted in selfishness and cold calculating self-interest and necessarily dedicated to the welfare of shareholders rather than common goods and it thus is incapable of generating the trust on which it depends.
(The banking system) is too important to be left in the hands of private companies dedicated to maximising profits for their shareholders".
"We are pleased to join this historic and significant market benchmark, and remain dedicated to delivering value for our shareholders as a member of the Dow 30," Goldman said in a statement.
A group of shareholders in the real estate investment trust Burnham Pacific Properties said yesterday that they would try to replace current directors at an October shareholder meeting with a slate dedicated to liquidating the company.
He is a shareholder in Okonjima, a lodge that donates a share of its proceeds to AfriCat, a nonprofit foundation dedicated to preserving Africa's large cats, not a shareholder in AfriCat itself.
Based in Boston, Massachusetts, his Davis Global Advisors (www.davisglobal.com) is dedicated to the task of improving corporate accountability to shareholders around the world.
This assessment would concentrate on long-term value creation and absolute performance, taking into account portfolio churn, remuneration incentives, length of investments, shareholder voting rights, organisational talent and tenure, time dedicated to long-term strategy deliberations, and innovative capacity.
Given this concentration of share ownership, the goal of maximizing shareholder value means that that our great corporations are currently dedicated to making the rich richer.
