Widespread shareholder restrictions are relatively new; most companies did not impose them until the mid- to late 1980's.
So far they have only issued boilerplate comments, promising to engage with shareholders "to get a better understanding of any specific concerns they may have" (Motorola) and to use their input to "re-evaluate the company's compensation philosophy, objectives and policies" (Occidental).Another test will be how widespread shareholder activism on pay becomes.
Instead, you came back with a verbal offer at an unrealistic price expectation which ignores a full 39% premium already reflected in Time Warner Cable's stock (as of last Friday), widespread shareholder endorsement of a deal, and Time Warner Cable shareholders' approximately 45% ownership in the upside of the proposed transaction.
In a widely read 1970 article, Milton Friedman claimed "there is one and only one social responsibility of business to use its resources and engage in activities designed to increase its profits. This legitimized a widespread belief that shareholders have every right to take care of themselves first.
But the efforts by outside shareholders signal widespread dissatisfaction with how the company has handled the fallout from the Mexico bribery scandal.
[C1.] In Katrina's Wake, an Electric Utility Proves Resilient Entergy, the electric utility that serves New Orleans and other portions of the region damaged by Hurricane Katrina, indicated that despite the widespread death and damage, shareholders could expect no more than a slight, temporary dip in profits.
Secondly, agency cost is higher for large firms not to report on their environmental activities because their shareholders are widespread (Watts and Zimmerman 1983; Christ and Burritt 2013; Zeng et al. 2012).
But since the financial crisis of 2008, which revealed widespread flaws in corporate governance, shareholders have flexed their muscles more often.
But it appeared unlikely that the statement would dispel the widespread belief among analysts and shareholders that DaimlerChrysler is still in a leadership crisis, as Mr. Schrempp's ambition to build the world's first truly global automaker have largely run aground.
She wrote that in the face of the widespread charges, she as a shareholder was worried about "possible reputational damage" if the company fails to adopt greater transparency.
Elliott acknowledges and appreciates the widespread engagement and support from fellow shareholders of the company and others in recent weeks.
