History or not, they must be banned. Lame Financial 'Fiduciaries' (aka Investment Managers, Private Banks, Insurance firms, Pension and Mutual Fuds) must state their intention and be rated accordingly. Good Governance must be a first stop for any marketing and sales effort by these firms.
Non-Voting Shares Don't Have a Pretty History
Yesterday, in McRitchie v. Zuckerberg (Del. Ch.; 4/24), Vice Chancellor
Laster confirmed that directors owe “firm-specific fiduciary duties” under
Delaware...
11 hours ago
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