When Shareholder Democracy Is Sham Democracy: Directors in 41 publicly traded companies remained in their posts despite "resounding votes of no confidence" from their shareholders, prompting New York City’s comptroller, John Liu to observe that the right to elect directors, "one of the few rights afforded shareholders is illusory," and “Shareowners need accountable directors who will ensure the company isn’t being run for the benefit of insiders at our expense.” Meanwhile, studies seem to back Liu up: "...firms with stronger governance exhibit a higher propensity to pay dividends and, for dividend payers, pay larger dividends." [more inside]
posted by saulgoodman
on Apr 12, 2013 -
The Fall of Fannie MaeThis is not your ordinary accounting fraud. Yes, there's the matter of $9 billion in overstated earnings. But the fight over Fannie is a nasty political showdown where everyone has his own agenda. And it's not over yet.
posted by trharlan
on Jan 25, 2005 -