Customers have absolutely zero alternatives, so Pepco can always put shareholders first and customers last.
"There's an incredible arrogance in management thinking that their tenth-best idea is better than their shareholders' first-best idea, " says Arnott.
Daud's come-on to investors abroad, particularly banks: when Danamodal disposes of holdings in domestic institutions, its shareholders get first crack.
Trustees of Amalgamated Bank of New York and the Central Laborers Pension Fund, which are both News Corp shareholders, first filed a lawsuit in March 2011.
The constitutional change is expected to encourage more foreign investment, allowing non-Mexican companies to become majority shareholders for the first time.
The deception of resigning contracts, the "shareholders always come first attitude, " the reducing of canceled accounts so it doesn't affect anyone's numbers.
In many states, the law says that shareholders must come first.
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The company has also decided not to grant a dividend to its shareholders for the first time in over a century as it hopes to keep adding to its corporate nest-egg.
Mr Dijsselbloem said the pattern for bank rescues should see shareholders take the first hit, then bondholders, who lend money through financial markets, and only then should depositors with large bank balances be tapped.
This is the philosophy that made all those Wal-Mart shareholders rich in the first place.
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That means the taxpayer would be the last one to lose money, because the non-preferred shareholders would take the first losses.
Bumi shareholders will have their first chance on Thursday to take sides in a battle between the founders of the mining company, as a vote will consider whether to revamp its board.
First, did shareholders outside of founder Michael Dell ever have a chance at a better deal?
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If a firm's business declines, bondholders will be paid first, and shareholders last, if at all.
On other calculations, buy-out houses in Europe alone paid their shareholders enormous dividends in the first half of this year.
To be sure, a well-respected school of thought remains that companies must first serve their shareholders: By maximizing the returns of investors, corporations do more good for their broader societies.
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Fobaproa also failed adequately to punish bank shareholders, who should normally take first hit in any bail-out.
Mr Crutchfield promises that First Union's shareholders will see a payoff from the CoreStates merger within 18 months.
So it is possible and quite likely in fact that US shareholders will come in for the first time.
So his argument was his first obligation to his shareholders, but he also has an obligation to this country that provided extraordinary opportunity.
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The good news for JPMorgan investors is that it seems extremely like the bank will get Fed approval to boost dividend payments to shareholders at some point in the first quarter.
The shareholders are still waiting for their first dividends.
First, consider your shareholders as two groups.
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The first three-plus months of 2012 have been good to shareholders of big financial institutions, a pair of which are due to issue first-quarter report cards Friday morning.
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It must first receive approval from BEA shareholders and regulatory agencies, though.
Its dividend will remain far above that of other global defense suppliers because Ian King and his subordinates run the business first and foremost for their shareholders.
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He is not ruling out the businesses of Indonesia's Salim family, which holds 31% of First Pacific. (Other Salim allies control 23% more.) Two conditions have to be met: the acquisition must make commercial sense for First Pacific and its minority shareholders, and it must satisfy Hong Kong's rules on connected-party transactions.
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