Dealing with over-activist shareholders
If you don’t like the way a company is run you can sell the shares. Or you can use every trick in the book to undermine the chairman. For some investors, the latter route seems more popular.
If you don’t like the way a company is run you can sell the shares. Or you can use every trick in the book to undermine the chairman. For some investors, the latter route seems more popular.
Capitalists might not like to hear this. But it looks like the biggest ever experiment in Keynesian economics might just have worked.
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Who says you can’t fool all the people all the time? Aviva (LON:AV) has managed to fool everybody over its dividend – including, unfortunately, itself.
Told to look at one poll tax, Lord Carter has devised another one in his Digital Britain white paper. The tax on everyone who has a television will continue but there will now be a tax on everyone with a landline telephone too. And that means just about everybody.
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Hurry hurry while stocks last? Companies that want to issue bonds because they cannot borrow may find the government has got there first.
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Boots invented the three-for-the-price-of-two offer. Now in a clever deal that many finance directors will hope to copy, the chemists’ new owners have paid off a chunk of its debt on just that basis.
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Good news: things are getting worse more slowly. That’s not the same as getting better however, nevermind getting back to where they were or where they should be.
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Most people would probably prefer Bernie Madoff to look after their investment than expect HM Government to pick shares. Yet a million employees will soon be asking the state to manage their investments.
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An economy based on football and television doesn’t sound the most sophisticated, but that combination has been powerful for two decades and will soon decide the future of Setanta, the Irish broadcaster.
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