Even though the shareholders bear the costs of the conflict, there is still an incentive to extract value or expropriate from the bondholders -- after the debt is outstanding.
Even then, though, the EADS shareholders will still wield substantial influence.
Top executives began to embrace a new and strange ideology: a company should be run not for its products and employees, but for its shareholders, even though these shareholders merely bought and sold the company's stock and contributed nothing to the success of the company.
And TARP wasn't designed to protect shareholders, even though those shareholders are also taxpayers.
Arsenal's plight is their worst under Wenger, not only for the lack of hope and optimism that the games big prizes will come eventually come back into view but also because of fan fears about the direction of the club, even though majority shareholder Stan Kroenke recently emphasised his "goal is to win trophies".
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.
But Hewlett-Packard's board has claimed a narrow victory in the shareholders' vote, even though the official result has yet to be announced.
Deutsche Bank analyst Eric Katzman explained that inflated protein supply and increasing grain feed costs made it logical for Pilgrim's Pride "to shore up the balance sheet for the long term, even though current shareholders will be diluted" by the secondary stock offering.
For example, in the deal struck between EchoStar and the Hughes Electronics division of General Motors, EchoStar was considered the acquirer, even though Hughes shareholders would own more than 50percentt of the combined company.
Most banks have typically viewed compensation as the cost of bringing in new income, even though the main concern for most shareholders is profits.
