He was hemmed in among the other colts, unable to stake a position on the outside as he had in rallying to victory at Churchill Downs on May 4.
With a 17% stake, a position on ImClone's nine-member board and a partnership to market the company's blockbuster cancer drug Erbitux, Bristol-Myers isn't just any shareholder.
In policy making, lots of ideas are thrown out in order to set the good apart from the bad, and in order to stake out a position for compromise.
Even in opposition, the Tories were reluctant to stake out a distinctive position on issues that tradition dictated belonged to Labour.
If he is rejected, the message to future public servants will be clear -- never rock the boat, always go along with the majority, never stake out an independent position, never take a principled stand and above all, never annoy a powerful enemy.
These owners declared Sidanco bankrupt and incorporated it into then-independent TNK. In 2003, BP later rethought its position and agreed to buy a stake in TNK, getting access to Sidanco as well.
Simons also played the Chinese Internet story, establishing a position in Youku and tripling his stake in Baidu, while selling U.S. names like Netflix, Google, and eBay. (Read Apple To Dominate Tablet Market Through 2015, Google Takes Smartphones).
FORBES: Gold, Banks On The Agenda For Billionaires Soros, Paulson In Q1
Continental emerged from bankruptcy in a much stronger position, and Texas Pacific's stake was therefore worth ten times what it paid for it.
Italian energy company Eni holds the coveted 33.3% stake, which it acquired in 2000 in a failed attempt to take a controlling position in Galp.
Kering will hold a majority stake in the Pomellato group and its CEO, Andrea Morante, will remain in this position with the company.
On Halloween, Carl Icahn disclosed a position in Netflix stock and call options that could give him a nearly 10% stake in the streaming video company.
FORBES: Markets Rewind: Apple Junked, Netflix Juiced And Icahn Battles Ackman - Forbes
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