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The pair then diluted their stake further by giving management access to an undisclosed stake in the business, taking their combined holding to under 50%.
The transition was announced all at once, in April 2007, eliminating the usual drawn-out music-director search and giving management plenty of time to plan his arrival.
Mr. Neidl said a bankruptcy filing would also allow the company to end employee ownership, giving management a freer hand in running the company.
Sure, short-term thinking is bad, but it's hard to believe that giving management more power will suddenly result in a wave of altruism.
Forsyth, after providing seed money, faded into the background, giving management of the operation to John Ehle, a North Carolina novelist turned public-policy idea man.
At the same time, management's interest in Surgutneftegaz would rise to about 76percentt from 71percentt now, giving management all but total control of the company under Russian law.
Similar(38)
Some states willingly buy into this "race to the bottom" by giving managements enhanced powers since company incorporations generate substantial revenue for state coffers.
The Athletics never gave management the chance.
Friday, the union gave management a proposal.
Give management points for a big vision, at least.
The ruling elite gave management of these mechanisms to an officer-cadre.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com