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It has several provisions meant to benefit stockholders, like allowing them to vote on shareholder issues online.
And finally, defenders point out that institutional investors are often conflicted in their desires, and that dual-class stock allows more deliberate consideration of shareholder issues.
Some foundations are leery of devoting much in the way of staff or time to shareholder issues, and activism rarely rises to the level of debate.
Since it is difficult to perform an in-depth independent analysis on the thousands of shareholder issues up for vote, many such investors rely heavily on the recommendations of shareholder advisory firms like Institutional Shareholder Services and Glass, Lewis & Company.
Mr. Einhorn's hedge fund firm, Greenlight Capital, has sued Apple in Federal District Court in Manhattan, arguing that the company improperly tied together several shareholder issues to be put for a vote into one proposal.
The United Brotherhood of Carpenters, whose members have $35 billion in pension funds, took a look at the S.E.C. data and found it alarming, said Ed Durkin, who coordinates the union's shareholder issues.
Similar(47)
Sadly for Steve and his family, the health of Apple's CEO has passed over the last few years from a private matter to, if we're honest, a shareholder issue, given his effect on the company.
Mr. Ballmer concedes that some Microsoft shareholders take issue with its long, costly pursuit of businesses like music players and search.
"Both came to the same conclusion: that we would continue to have the resources to pay all expected claims as they came due," Mr. Brown said in a letter to shareholders issued Wednesday.
In a letter to shareholders issued Sunday, AIG said it immediately brought these incidents to the attention of the authorities, and said it has been cooperating with the New York attorney general and the Securities and Exchange Commission with regard to document security in New York, Bermuda, Ireland and other locations.
But the latest letter from the former chairman cites a clause in the circular to Rangers shareholders issued in June 2011 by Mr Whyte which could lead to a challenge to his position as secured creditor, with first call on club assets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com