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But in other circumstances it means not squandering shareholder resources trying to expand in a declining industry, or in a hail-mary attempt to enter new markets for which the firm has no particular expertise.
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In the depths of the 2008-9 financial meltdown, high profile corporate jet users set off a surge of public fury directed against perceived elitism, misuse of shareholders' resources and abuse of the environment.
Shareholders of Resources Bancshares will get 1.1382 Netbank shares for each Resources share.
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Charles Johnson is the largest shareholder in Franklin Resources, a global investment management firm also called Franklin Templeton Investments.
Supercell now has the financial resources, shareholder structure, and the mindset, to be able to make long-term plans.
The result is that the professional activist shareholder with vast resources and analytical capabilities is better suited to help these companies actually achieve long-term value creation," he says.
Soon-Shiong, who remains Tribune Publishing's second-largest shareholder, began investing resources in the California papers after years of staff cutbacks.
Few shareholders have the resources or expertise to evaluate which plan is more likely to produce more value for shareholders, and planning company strategy is the board's job.
Institutional investors should be free to make judgments about when it is in the interests of their shareholders to expend resources to research and vote proxies.
For instance, because even slight changes in employee productivity have a significant impact on shareholder returns, "human resource management" is no longer a support function but a core process for line managers.
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CEO of Professional Science Editing for Scientists @ prosciediting.com