The locus of shareholder power is shifting rapidly from entrenched management to activist shareholders.
The myth of unbridled shareholder power would seem to be somewhat exaggerated.
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"Shareholder voting power in more traditional capital structures affords shareholder considerable protection against these situations, " he said.
Its premises are that markets and shareholder capitalism do not disperse economic power, and that political bodies do not concentrate economic power.
She has briefed powerful corporate boards, from Nike to American Electric Power, on how climate change affects shareholder value.
The lawsuit itself challenged a measure called Proposal No. 2 that Apple put forward, which would eliminate its power to issue preferred shares without a shareholder vote.
But for now, shareholder votes against bosses' pay only have the power to embarrass: history suggests that many executives are happy to grin and bear the criticisms from the owners, while pocketing their millions.
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Investors have filed hundreds of water-related shareholder resolutions, filed primarily with oil and gas, electric power, and food and beverage companies.
Schulze, still the largest shareholder, is hoping to increase his ownership stake and hold more power on the board.
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On the one hand these managers may be some of the largest, if not the largest shareholder of a large corporation and as such may ostensibly hold great voting power.
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Last week, Apple CEO Tim Cook said the company's proposal puts more power in the hands of shareholders, making it difficult to understand why a shareholder would fight it.
Later owning Sibneft, the national airline Aeroflot, and as primary shareholder in Russia's main television channel, he supported Boris Yeltsin's rise to power, enjoying huge influence during this era.
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