Blankfein, Cohn, and Viniar should be fired by the Goldman board and shareholders immediately too.
The move sets the stage for struggle between Yahoo's board and shareholders, who may be skeptical that company should keep going it alone.
So Yang could share with his board and shareholders a possible scenario: If the company bows to Microsoft's takeover wishes, regulators will be all over this deal.
In countries like the United States and Britain, there are well-defined paths that the prospective buyer of a company can follow to have a case heard and voted on by the target company's board and shareholders.
Raymond wrote that the appointment of Real Madrid manager Jose Mourinho would be "a much safer appointment in the eyes of the United board and shareholders" while the appointment of Everton manager and bookmakers favorite, David Moyes, would "come with great risk" due to his lack of experience with big clubs.
At companies owned by private equity, the board and the shareholders are one and the same: their directors are hardly under the thumb of managers.
Mr Breeden's solution is to hand more power both to the board and to shareholders.
John is an excellent CEO, with a staff, board, and shareholders who love him and for whom he delivers a high growth rate and excellent results.
Any company opting to sell shares in Shanghai would have to explain to board directors and shareholders why it chose to forgo the cheaper cost of capital.
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It is a case, however, that reminds board members and shareholders everywhere about the pitfalls that come with failures to properly supervise and regulate any entity in which they have a vested interest.
Yesterday Motorola CEO Greg Brown told board members and shareholders that, among a lot of other bad news, the company is no closer to finding someone to lead the company's rotting cellphone business (which Moto is in the middle of spinning off as its "Mobile Devices" unit).
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Nasdaq has the agreement of the OMX board and several major shareholders, including the powerful Wallenberg family, which owns 11% of the business.
The contrast with the view on the board and among many big shareholders could not be greater.
However in many continental European countries, such as Germany, there are two boards, an Executive Board made up of company representatives and a Supervisory Board made up of non-executive representatives of shareholders and employees.
Shareholders and board members increasingly expect the chief executive to set a good example.
The union has felt slighted by the company, claiming it agreed to deal without giving the workers time to find a competing bid, while the company doesn't want the union interfering in matters best left to shareholders and board members.
Mr Breeden also places big constraints on the freedom of management and board to act independently from shareholders.
He did that in 1973, selling a third of the company, but decided he hated dealing with shareholders and a board.
"I have sufficient levels of support from shareholders and the board to continue running the company, " Sarin was quoted as saying.
Not long after my last post (October 19), which concerned the tenuous relationship between the Hewlett-Packard board and former CEO Mark Hurd, came word that a group of shareholders have sued current and past H-P board members, including Hurd, alleging that directors allowed and possibly encouraged illegal activities in sales to the U.S. government.
The Google board should inform shareholders about the cause and likely duration of Mr. Page's condition, according to Mr. Sonnenfeld, author of several leadership books.
WSJ: Google CEO Larry Page Assures Employees About Health, Says 'Nothing Seriously Wrong'
The two men resigned from the board last year and have been lobbying fellow shareholders to remove Mr Eisner at the company's annual meeting in three weeks' time.
Such a board of directors is elected by shareholders and is charged with fiduciary and legal responsibilities to govern the corporation including the hiring and firing of the CEO.
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Although the company's base and its board are firmly British, and the government has the power to veto foreign shareholders, Mr Hoon was right in that a majority of its shareholders are American.
As owners, shareholders elect a board of directors and vote on company business.
It would give him the last word on how shareholders and their managers and board members organize their own affairs.
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Notwithstanding the determined and persistent efforts by shareholder advocates and corporate governance watchdogs, most shareholders act sheepishly in the face of the self-appointed board members and executives who monopolize power.
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But Aer Lingus' board rejected the offer in a statement Monday and urged shareholders to take no action.
The new code calls for a senior independent director to join regular management meetings with big shareholders and report back to the board.
Whitman may have effectively jockeyed to buttress her power in 2013 but she is only delaying the inevitable if she and her board do not come up with a short- and long-term agenda to which a majority of shareholders can confidently sign on.
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