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This is why Telecom Italia's retail shareholder association, Asati, protested to the Italian market regulator Consob about the decision.
"I say you are twice guilty," said the representative of one small shareholder association who did not give his name.
Ulrich Hocker, head of the German shareholder association DSW, said there had been a collective failure by the management board.
The wreaths are made in one size only -- 18 centimeters, or just a shade more than seven inches, in diameter -- by volunteers from Interflora, a shareholder association of Greek florists that has set up a cheerful production line in a warehouse in southern Athens.
The third is the shareholder association, which may be public or private in nature but is generally organized by the village.
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Instead investors can let shareholder associations do the job for them.
Across Europe shareholder associations have seen mixed fortunes, but Britain is certainly lagging behind, according to Roger Lawson, the chairman of the UK Individual Shareholders Society (ShareSoc).
Orr takes Henry to a speech he gave to the Australian shareholders association conference in May this year.
"Shareholders are footing the bill for what went wrong here," said Peter Paul de Vries, director of the Dutch shareholders association, VEB.
"This is absurd; you cannot pay someone this much," said Peter Paul de Vries, director of the Dutch shareholders association VEB.
Jan Maarten Slagter, director of the Dutch shareholders' association, VEB, said: "Obviously a restructuring is preferable to bankruptcy.
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