Mike
2008-04-20 18:48:42
> Ownership of publicly traded corporations is so difuse that individual shareholders have effecitvely no voice
Shareholder lawsuits. That is the voice of the minority shareholder. Should there be a concern that these lawsuits lack teeth:
http://www.iht.com/articles/2007/07/08/sports/bxbp.php
And the shareholders – as a whole – should be able to pay their management what they want. It’s their company.
The state (US state but also US federal government) already has the ultimate power over any company anyway – they can yank its charter. It’s never done anymore but it could be done again.
