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It is a curiosity of modern life that information companies can create extraordinary social disruptions and vast shareholder wealth but relatively few jobs.
When Lucent was spun off to AT&T's vast shareholder base in 1996, Lucent's CEO Rich McGinn invested heavily and brilliantly in telling the world about the new company and its prospects.
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"The vast majority of shareholders we've spoken with or met are on board," he said.
The vast majority of shareholders are either small retail investors, or huge pension funds, mutual funds and insurance firms that manage diversified holdings through investment managers and those managers face conflicts of interest, for they live off mandates from companies to manage corporate pension funds and provide insurance.
On 29 June 2011, the sale of Waterstones was completed and approved by the vast majority of shareholders at an emergency general meeting.
Despite the vast majority of shareholders agreeing with the amount executives were paid last year, there are subtle signs of a turning tide.
Too many of these outfits are the stuff of scandal of fabricated shareholder meetings, vast thefts by officers who vanish, routine insider dealings and byzantine ownership structures.
The book claims the RBS lavished vast amounts of its shareholders' money to support the lifestyles of its top executives.
See articleTaking a bite out of AppleApple said it would return $45 billion of its vast cash pile to shareholders over the next three years.
And during that time, the vast majority of Citigroup shareholders could have sold their shares and gotten a price between $13.50 and $14.
And the story in both those professions has not been of brilliant returns to shareholders or vast improvements for society, but of wealth extraction and lobbying politicians, Davos-style.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com