Why aren't shareholders staging mass protests through the City of London?
Anger about Britain's discredited bonus culture wrecked celebrations at the 100th annual general meeting of BP today, with shareholders staging a rebellion over executive pay.
Since early this month, shareholders have staged daily sit-ins outside the Jingbian county government headquarters.
When HSBC realised investors were unhappy about a potential £2.25m bonus for chairman Douglas Flint, it held talks with shareholders and staged a partial climbdown in an attempt to ward off a rebellion at this Friday's AGM.
Granada boss Charles Allen was today hit by a double-whammy from shareholders who staged a revolt against his pay and protested against his re-election as a company director.
Yet those who want to serve a wider base of stakeholders may find themselves hamstrung by a legal system that appears to put shareholder interests centre stage.
Although in the end Icahn failed in his bid, the market forces he represents — corporate raiders, or, in Icahn's preferred term, "shareholder activists" — have staged a comeback, led by Icahn, Nelson Peltz, Kirk Kerkorian, and some of the investors who were once aligned with the defunct investment bank Drexel Burnham Lambert and its convicted junk-bond specialist, Michael Milken.
At one point, when Mr. Katsumata tried to wrap up a question-and-answer session, angry shareholders rushed toward the stage.
[C1.] Activist Shareholders Are Taking Center Stage As recent developments at Knight Ridder and Time Warner show, activist investors, with demands to push stock prices higher, are changing corporate America and the deal-making landscape.
I haven't got to that stage" – at shareholders' meeting in course of winning battle with Maxwell to own News of the World, 1969 "I want your resignation today" – sacks Times editor Harold Evans after several months of tension, 1982 (from Evans's My Paper Chase) "Fuck Dacre.
