No Shareholders’ Spring
The ongoing global economic crisis is not only causing incumbent governments to lose elections; it is also shaking corporate boards. But major companies are fighting back, deploying armies of lawyers to undercut the growing wave of shareholder discontent that their managers face.
https://prosyn.org/SykaVOf
CHICAGO – The ongoing global economic crisis is not only causing incumbent governments to lose elections; it is also shaking corporate boards. When stock prices and profits seemed to defy gravity, shareholders’ meetings resembled American political conventions: a show to promote a company’s image, rather than a forum to debate contentious issues. This year’s round of annual general meetings has been different. Frustrated by low returns, investors are much feistier.