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[Laughs] But it basically converted me to this model that is really a healthy model, which is a private enterprise that cares about more stakeholders than just financial shareholders, which is how most of business is being structured.
The characteristics of the technologies are fundamental to, and in part derive from, the business model adopted by the case, and the governance structures designed to avoid the primacy usually afforded to returns to financial shareholders.
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Since the financial crisis, shareholders have been wary of activism premised on complicated financial transactions.
ADD another group to the list of irritants bothering the bosses of financial firms: shareholders.
The first was to align managers' interests not with their own organisations but with financial outsiders – shareholders.
If his motives in shaking up Luxottica's management are indeed primarily financial, minority shareholders (who own a quarter of the company) will cheer.
Because these gains are typically buried in financial statements, shareholders may not understand how a company's earnings are augmented by pension gains.
When pressed, people often still describe capitalism as a system under which the owners of financial capital (shareholders) offer up their resources to fund business ventures in exchange for a financial return (dividends paid by a company).
In a statement, John J. Rigas, the company's chairman and chief executive, said: "We recognize that in the current financial environment, shareholders are looking for greater clarity and transparency from the companies in which they choose to invest.
The parliamentary commission on banking standards, which included former Conservative chancellor Lord Lawson, concluded that "in the run-up to the financial crisis, shareholders failed to control risk-taking in banks, and indeed were criticising some [directors] for excessive conservatism.
Recipients can be chosen to reflect the firm's financial interests, shareholders' charitable preferences or managers' personal preferences.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com