Your English writing platform
Discover LudwigExact(3)
Options at these companies total 16percentt of shares outstanding, on average, a huge transfer of shareholder wealth.
"We think this award was egregious and a blatant transfer of shareholder wealth to executives," said Tim Rankin, assistant portfolio manager at Franklin Mutual Advisers.
Suits against non-bankrupt companies, on the other hand, really do engineer a transfer of shareholder funds from one pocket to the other.
Similar(56)
But Carol Bowie, director of governance research services at the Investor Responsibility Research Center, says investors are growing more suspicious of buybacks because they can mask big transfers of shareholder wealth to managers.
In fact, the bubble's bursting exposed the gargantuan transfers of shareholder wealth to executives and employees that options represent at many companies.
The Treasury obsession with selling off the family silver to realise cash quickly, regardless of merit or the wider public interest, clashed with my approach and the transfer of the shareholder executive to the Treasury was one of the first acts of the new Tory government.
Mr Matter was able to persuade some Swissfirst shareholders to sell him their shares which he later transferred to shareholders of the target company (50% of Swissfirst's outstanding shares were used to pay for Bellevue).
Options are also a titanic but stealthy transfer of wealth from shareholders to corporate management.
He calls it "a generous transfer of value from shareholders to consumers".
"However, we believe Magna's proposal is an unprecedented and excessive transfer of wealth from shareholders to the Stronach Trust".
Despite this and other research proving stock option repricings to be an egregious transfer of wealth from shareholders to management, companies and boards continue to approve such plans.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com