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Shareholder sovereignty is a myth.

A vivid image of what should exist acts as a surrogate for reality. Pursuit of the image then prevents pursuit of the reality -- John K. Galbraith
by Migeru (migeru at eurotrib dot com) on Sat Oct 11th, 2008 at 05:41:22 PM EST
[ Parent ]
Not when there are strong owners.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid (arvid.hallen at gmail.com) on Sat Oct 11th, 2008 at 05:51:11 PM EST
[ Parent ]
So small shareholder sovereignty is a myth.
by afew (afew(a in a circle)eurotrib_dot_com) on Sun Oct 12th, 2008 at 08:11:03 AM EST
[ Parent ]
Or even distributed shareholder sovereignty?
by Metatone (metatone [a|t] gmail (dot) com) on Sun Oct 12th, 2008 at 08:23:00 AM EST
[ Parent ]
Yes and yes.

Thus the need for large for large long term owners, like family dynasties.

Because of the ineffable logic of anglosaxon capitalism, such owners does NOT result in the shares being traded with a premium, but with a discount.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Sun Oct 12th, 2008 at 10:38:53 AM EST
[ Parent ]

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