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The deal will make Temasek the biggest shareholder in Standard Chartered, which gets two-thirds of its earnings from Asia.
They trail market averages in total returns to shareholders (a standard never mentioned in "Built to Last").
This doesn't mean good by shareholders' narrow standards but a far more inclusive bottom line.
And what would Associated's parent company, the Daily Mail & General Trust, still a 24.99% shareholder in the Standard, do?
"Generally, there is no requirement that the co-op use the same material that was previously used," Mr. Saft said, adding that even if the letter writer's proprietary lease contained such a requirement, it would be inapplicable to the present situation because the earlier shareholder replaced the standard flooring.
They unilaterally went to Washington to get an injunction not on a deal — which had never been consummated between the two companies — but to block Broadcom from replacing its board of directors in a standard shareholder vote.
A corporation can be distilled (sometimes foolishly) to one standard: shareholder returns.
Exceptions include that a company in the oil and gas extraction industry may not accept group relief against the profits arising on its oil and gas extraction business, and a life assurance company may only accept group relief against its profits chargeable to tax at the standard shareholder rate applicable to that company.
We hypothesize that CEO compensation is optimally designed to trade off two types of agency problems: the standard shareholder-management agency problem as well as the risk-shifting problem between shareholders and debtholders.
"The club should therefore be on a much more secure financial footing than the standard shareholder-ownership structure," says Mr Brooks.Leeds United is top of the fans' shopping list, according to votes cast online.
Now increasingly conservative courts impose tougher standards on shareholder claims.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com