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Stockholders of Apple did so in 2003.
The stockholders of these are hurt drastically.
Stockholders of National Oilwell Varco will own 86percentt of the combined company and stockholders of Grant Prideco will own 14percentt.
Stockholders of Nuevo will receive 1.765 shares of Plains stock for each of their shares.
Stockholders of Chase will receive 0.64 Olin share for each Chase share.
Stockholders of Martha Stewart Living Omnimedia undoubtedly hope the company can undergo the same transformation.
The dividend is payable on Aug. 22 to stockholders of record on Aug. 4.
In the process, managements, creditors and to some extent stockholders of these non-banks have been protected.
Dividend payments to stockholders of the right companies tend to rise over time, they say, as do share prices.
But, as the vote at Citigroup suggests, stockholders of all stripes may be starting to assert themselves more.
In June, many stockholders of this country's largest public corporation, Wal-Mart Stores publicly registered strong discontent with its policies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com