(The Network Journal) — It used to be that the minority owners of a corporation had no meaningful rights at all — they were at the mercy of the majority owners, who could treat them any way they wished and “freeze” them out of management. Back in the 1920s, somebody wrote a treatise for corporate […]
(Smart Money) — Stocks in Asia closed mixed today, European shares are down, and U.S. futures are pointing to a lower open. The bookstore industry could be in for a major change. After Tuesday’s market close, Barnes & Noble (BKS: 12.84, -0.98, -7.09%), the country’s largest bookstore chain, announced that it was considering “strategic alternatives” for the company’s future, including […]
(Businessweek) — It may seem unthinkable that a company with so formidable a public image and financial track record as BP (BP) is fighting to save its reputation—and potentially, its very existence—less than two years after the oil industry logged its biggest-ever growth in profits. Reversals of fortune of this magnitude aren’t as rare as […]
(Forbes.com) — VoxEU.org is a policy portal set up by the Centre for Economic Policy Research which aims to promote research-based policy analysis and commentary by leading scholars. Why do minority shareholders continue to hold stock despite the risk of expropriation by controlling shareholders? In this column, Sergey Chernenko, Assistant Professor at the Fisher College […]
(MarketWatch) – Starbucks said Wednesday it will pay its first ever cash dividend, part of a new plan to return 35% to 40% of its net income to shareholders in the future. The move is a sign Starbucks /quotes/comstock/15*!sbux/quotes/nls/sbux (SBUX 25.37, -0.05, -0.18%) will probably not be the high-flying growth company it was during the […]
Radio mogul Cathy Hughes speaks.
(Daily Finance) In the wake of one of the most devastating recalls in auto history, Toyota Motor (TM) now has another problem on its hands: Angry shareholders. Toyota faces several pending class actions that allege it publicly dismissed the seriousness of several design flaws while knowing that the problems might have caused a dramatic sell-off […]