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It is also said that shareholding has been democratized, aligning the shareholder interest with that of society as a whole.
Since then your son's shareholding has been in the parent company, now known as Lloyds Banking Group.
Ever since it became clear that Harbinger was unlikely to bid - and selling half its stake last October was the clearest signal yet - the remaining shareholding has been a bit of an overhang on the company.
John Boyle's majority shareholding has been transferred to the retired Lanarkshire-born businessman.
But, under the agreement, businesswoman Khunying Sasima Srivikorn, now also co-chairman, and Khun Sumrith Thanakarnjanasuth have each taken 25% of the club, while the other 50% of the shareholding has been bought by Khun Narin Niruttinanon.
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In a statement, the Competition Commission in Britain said it had concluded that Ryanair's shareholding had been a significant obstacle to Aer Lingus's ability to merge or form partnerships with other airlines, limiting Aer Lingus's strategic options as it seeks to remain competitive during a recent wave of airline consolidation in Europe.
Income- and corporation-tax rates have been cut, and capital-gains tax on sales of corporate cross-shareholdings has been abolished.
This means that banks' ability to lend goes up and down with the stockmarket.Still, there are good reasons why the unwinding of cross-shareholdings has been slow.
Bank and cross-shareholdings have been unwound (in Germany, Allianz's recent takeover of Dresdner Bank was a big step in this direction).
BASF, a chemicals powerhouse, has managed to keep expanding at home and abroad, even as production of basic chemicals has fallen in America and the rest of Europe.The cross-shareholdings have been unwound: Deutsche Bank, for instance, no longer owns chunks of insurers, carmakers or sugar processors.
The hostile reaction to my shareholding in INM has been seamlessly executed through the editorial pages of all their publications.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com