Dell: Taking Companies private much too easy

Looks like the author admires Michael Dell. But let's face the hard facts - public equity markets give poor protection to the great unwashed public. Taking companies private is much too easy. And the ultimate insult is when the company makes a round trip and goes public again. A company is an undertaking that should be permanent and only in the most extreme cases it should be allowed to be delisted, taken private (including by Merger, Private Equity). Limit voting for any investor to 1% of outstanding shares, and make any taking private subject to the consent of at least 95% of outstanding shares. No wonder the Rich get richer with this system and gullible institutions just think one share one vote is in their - and the wider public's - interest. Public companies should be protected - they are a public good and allow dispersion of wealth in a true 'shareholder democracy'.
(6-July-2018)
Michael Dell’s rare relish in proving his critics right (FT, Pay Wall)

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