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Two days later, the board adopted the poison-pill measure to take effect should Mr. Icahn or any other shareholder gain 10percentt of Nabisco's shares.
The first figure shown below is a plot of net shareholder gain in billions of 2005 dollars (the horizontal axis) against total compensation in millions of 2005 dollars (the vertical axis) for CEOs of all publicly traded companies in all sectors excluding finance, insurance and real estate, collectively known as FIRE.
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Many companies, particularly smaller ones, will tell you they exist for their employees and customers, as much as for shareholder gains.
"Having gained a holding of more than 33.4percentt" -- the level at which a shareholder gains a limited veto in Japan -- "the long-term security of our investment is therefore assured," said Christoph Hohbach, chairman of Boehringer's Japanese subsidiary.
In her view, there are wider lessons to learn from BP's tale about how costcutting and skimping on safety procedures to secure short-term shareholder gains ended up costing investors in the long run.
After the Wendy's transaction he became the fast food chain's largest shareholder, gaining more than 16 million shares.
Here we see more evidence of compensation that is less sensitive to shareholder gains, but by and large the evidence is consistent with an alignment of managers' and shareholders' interests.
Democratic presidential front-runner Hillary Clinton has called for a new policy to move investors away from the short-term outlook of immediate shareholder gains, which cost jobs and may harm corporate profits and the economy in the long term.
When Bear's shareholders gain at the taxpayer's expense?
In the first case, shareholders and the economy at large are better off; in the second, only shareholders gain.
The reason some professionals are willing to do that, Mr. Grant explained, is because they can reasonably expect to be hired by the building if the dissenting shareholders gain control of the board.
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