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When GKN split, shareholders got a piece of each.
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"Investors are concerned about returns…[Their] bigger concern is about the split between shareholders and employees".
The company will set dates for the split after shareholders approve an increase in the number of shares.
But as Mr. Greenberg reeled off another year of stellar achievements and announced another stock split, most shareholders at the meeting stared coldly at the complainers.
Should the funds be released, the money will be split between shareholders of the company, which is 51% owned by HBOS and 49% by Phoenix Venture Holdings directors.
The rest was split among shareholders who could satisfy numerous conditions and use various formulas to calculate an applicable loss, which by the time the cheques arrived last year worked out at as little as a cent on the dollar.A unique case?
The Heineken family owns a controlling stake of just over 50% of the brewery, with the remainder split between shareholders on the Amsterdam stock exchange and Femsa, the Latin American drinks company, which is the world's largest bottler of Coca Cola.
Microsoft currently has 5.36 billion shares outstanding, yet it is also planning to enact a 2-for-1 stock split for shareholders of record on Jan . 27
The stock split, pending shareholder approval, will be distributed on June 6 to shareholders of record as of May 26.
The company announced the split before a shareholders' meeting yesterday.
But many worried that the proposed ownership structure would be too complex, with control split among strategic shareholders, including governments, in no fewer than five countries.
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