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On the shareholder side, Mr. Miller said, exchanging shares of stock in the co-op for the condominium unit is basically no different than selling the co-op apartment and using the proceeds to buy the condominium.
Lindahl had some more cleaning up to do, on the shareholder side of his balance sheet.
"We created a company that was an unparalleled success on the customer side," says Thadani. "On the shareholder side, there's been nothing but trouble".
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Should Airgas shareholders side with Air Products and accept a certain short term return, or should they side with Airgas' management and accept an uncertain but potentially higher long-term outcome?
At the oil giant's AGM on May 19th, 59% of voting shareholders sided against pay packages for top executives.
John F. Antioco, chief executive of Blockbuster, said yesterday that he would resign if shareholders sided with efforts by the financier Carl C. Icahn to unseat him from the board.
But he abandoned that effort in December after the company's biggest domestic shareholders sided against him — an opposition that that some foreign investors have said confirms their worst fears of corporate Japan's resistance to outsiders and change.
An influential adviser to shareholders sided with Elliott Management in the fight over Hess Corporation's board, recommending that investors support the hedge fund's slate of five directors.
Yet, shareholders sided with Moody's.
At the company's annual meeting, also Tuesday, shareholders sided with management rejected all four shareholder proposals, including a measure requiring stock options granted to senior executives be performance-based and a second that called for the board chairman to be an independent director, meaning someone not employed by the company.
Many shareholders sided with Chazen, and ended up ousting Irani in a dramatic shareholder meeting in May.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com