• In most companies, the management owns the majority of the stock, meaning that shareholders have little influence in a company’s policies.
• The Securities and Exchange Commission is trying to even the playing field for shareholders, making it easier for them to effect change within a company.
• The SEC is imposing nonproxy measures – like electronic surveys – to gauge whether or not investors support management. And yet, despite these efforts, because of money and knowledge, the management still wields most of the power.

Best Quote

“Time and again, we have brought opportunities [for mergers or acquisitions] to the attention of the board. Each time, he says, the suggestion was rebuffed or ignored. It’s been a decade of complete nonaction.” – Shareholder, Cadus Corportation