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The reason, companies say, is that it allows them to focus on the long term, which can't necessarily be achieved with the short-term sway of shareholders who are more worried about quarterly profits.
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The relatively quick fall of Irani, first being forced out as CEO in 2011 and then as chairman in May stemmed from the growing sway of activist shareholders, who increasingly had been able to influence decisions on executive compensation, said Amy Myers Jaffe, executive director of energy and sustainability at UC Davis.
Rights of shareholders.
But not every manager has Dr. Mobius's sway with shareholders.
That assessment may sway some shareholders who are deciding how to vote their shares on another issue.
Eager to take advantage of the companys depressed share price, PCCW Chairman Li and major shareholder Beijing-backed China Netcom are trying to sway minority shareholders who were dissatisfied with the previous offer, as well as the terms of the buyout bid.
If Valeant moves forward, it probably will step up its already heated efforts to sway major shareholders.
Hewlett-Packard The Packard poll may or may not further sway shareholder opinion of the deal, since HP will undoubtedly reinforce its own figures that show the polar opposite.
Even the disclosure last week of Warren E. Buffett's Berkshire Hathaway as a backer of the bid did not seem to sway shareholders.
Word of SoftBank's interest in buying Deutsche Telekom's 74 percent stake in T-Mobile US, however, may simply be an attempt to sway recalcitrant Sprint shareholders.
Whether Norilsk's position will sway other Gold Fields shareholders to follow its lead remains unclear.
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