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Italy is permitting loyalty shares to long-term shareholders.
"Only a few of the big long-term shareholders remain".
How should the Airgas board balance its responsibilities to short-term versus long-term shareholders?
Both ISS and Glass Lewis generally favor proxy access for significant, long-term shareholders.
In such a firm, long-term shareholders may have worse interests.
However, the proxy access should not be unduly burdensome for significant long-term shareholders.
In other words, there is complete alignment with long-term shareholders' interests".
None of this means that those banks have served long-term shareholders well.
"We're doing what we think is the right thing for our long-term shareholders.
Maybe it's time to drop the rhetoric of short-term versus long-term shareholders.
But long-term shareholders should view him as a riskier venture.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com