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It's very simple: if your shareholders have approved a pay policy, stick to it.
"We would expect that prior to proceeding with any alternative transaction, especially if your shareholders will not be given the opportunity to vote on it, you would first fully explore our offer," he wrote.
Fine, if your shareholders let you.
Similar(57)
IF YOUR biggest shareholder is Berkshire Hathaway, the chances are you are a firm with a future.
If you disappoint your shareholders, your stock price just goes down.
But the disclosure of these facts means that your case goes away if shareholders approve this transaction.
What happens if the shareholders don't like the pieces?
If so, shareholders will no doubt ignore it.
If only shareholders could reset the clock like that.
A relatively small shareholder could wield outsize influence if other shareholders are even smaller.
If not, shareholders might ask if these are the right directors for hard times.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com