Individual and institutional shareholders didn't restrain the corporate bosses because over the decades corporate managers have rendered shareholders powerless.
By September, it became clear that a debt-for-equity swap would transform INM's creditors into shareholders, rendering the O'Reilly-O'Brien dispute largely pointless.
The government seized Landsbanki, the bank in which he and his father, Bjorgolfur Gudmundsson, were the biggest individual shareholders, rendering their holding worthless.
Doing so creates tremendous long-term value for shareholders while also rendering the notion of CSR as nothing more than idle chatter.
It is irresponsible for a business leader to not address the challenges that they know might render them irrelevant in terms of their ability to meet the consumer needs and provide shareholder value.
In fact, Kennedy's contribution to Bumble appears to be reflected in a Companies House filing last September that lists her as minority shareholder in the company, rendering my cap table coverage last March out of date already.
In Joseph M. Grey, the sole shareholder of an accounting firm took no salary despite rendering significant services, opting instead to withdraw amounts as independent contractor fees.
But sound government policies are necessary, for this works if corporations are rendered transparent and public shareholders are empowered to force changes.
Because proxy voting affects shareholder value and, in special situations, may involve the purchase or sale of securities, the standards of conduct that apply to this activity derive from the standards that apply to rendering investment advice generally.
In a letter to Microsoft shareholders this month, William H. Gates, Microsoft's chairman, wrote, "The Department of Justice and the states could not agree among themselves on what they should seek from Microsoft, rendering a settlement all but impossible".
