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This is clearly in the best interest of shareholders".
That was not a good strategic decision and certainly not in the best interest of shareholders.
"Everything we've always done has been in the best interest of shareholders," Adam Portnoy said.
"I've never made a decision not in the best interest of shareholders," he said.
Those conflicts raise issues about the board's ability to act solely in the interest of shareholders.
But why should protecting the interest of shareholders overwhelm the interests of employees?
In recent years, managers simply stopped acting in the interest of shareholders, and accountants and bankers stopped requiring accurate reports.
For too long the missing element in the setting of top executives' pay has been the active interest of shareholders.
"But we won't offer a large amount or significant stake in BP because it's not in the interest of shareholders".
Mr. Blankein disagreed, saying it was not in the interest of shareholders to tear it up a valid contract.
Yahoo has said that selling its search business alone would not be in the best interest of shareholders.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com