Aubrey McClendon, chief executive of Chesapeake, ultimately bowed to the wishes of Icahn and Southeastern Asset Management, the two largest shareholders, replacing four board members, as my colleague Christopher Helman reported.
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Three of the four firms have parents or big shareholders in cash-strapped southern Europe.
Four suits have already been filed by shareholders who think he's low-balling.
The four separate companies would release more value for shareholders than keeping them together, argues Mr Arnault.
Four media men (including Nazri) are theoretically the major shareholders of MRCB through a private company, Realmild, of which they each own 25%.
The hope is that private banks run for the benefit of shareholders will lend more productively and more prudently than the big four have managed to date.
Bankia, which has already been bailed out, fell more than 25% on the news, as they unveiled plans to fire 6, 000 employees, close 1, 117 branches (39% of the total), sell 15% of their assets over four years, and the issuing of stocks that will dramatically dilute current shareholders.
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The Packers are the only publicly-owned Big Four professional sports team in the U.S. By my count, 112, 158 shareholders own around 4.8 million shares of the team.
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This thriving trade in man-made body parts has enriched shareholders of device makers: An index of 11 such stocks is up 43% in four years, while a drugmaker index has fallen 2%, hurt by the Vioxx safety scandal and other travails.
At issue is Proposal 2, which Apple had asked shareholders to vote at its annual meeting on Feb. 27 as part of a package that includes four amendments to its Articles of Incorporation.
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Tortoise manages four closed-end funds that invest in MLPs, publicly traded partnership interests that pay out most operating income to shareholders, typically from gathering, transporting or storing fossil fuels.
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