Exact(3)
Three years ago Mr Wyser-Pratte and other shareholders managed to oust Hans Fahr, the boss of IWKA, a German engineering and automotive supplier.
"We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system," he said.
"We have a financial system that is run by private shareholders, managed by private institutions, and we'd like to do our best to preserve that system," says Timothy Geithner, the Treasury secretary — as he prepares to put taxpayers on the hook for that system's immense losses.
Similar(55)
Douglas plays Gordon "Greed is Good" Gekko, a ruthless corporate raider who wins the support of the shareholders managing a takeover bid for a company by pointing out the inefficiencies of corporate bureaucracy – the company has 33 vice-presidents, doing God knows what.
Billed in some public statements as keeping a part-time role, Romney remained the firm's sole shareholder, managing director, CEO, and president, signing corporate and legal documents, attending to his interests within the firm, and conducting prolonged negotiations for the terms of his departure.
WorldCom, like all companies, is a bundle of assets owned by shareholders and managed by executives.
That said, some activist shareholders have managed to curb excessive pay and some bosses do bow to public pressure.
But the mere fact that UES minority shareholders have managed to block Chubais' riskier proposals thus far and the fact that the Putin administration has supported them so decisively shows how much the country has changed since the Yeltsin years.
Facing long odds, shareholder Richard Macary managed to oust the leaders of AVI BioPharma, a struggling biotech firm in Portland, Ore., and replace them with a new slate.
He said big shareholders, who manage millions of people's pension savings, have to be made more accountable to the people whose money they look after.
By going after lacklustre management, he argues, he has generated "billions and billions" of dollars for shareholders, while managing to make out just fine himself.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com