When company executives (and company boards) look after their own interest rather than the interests of the shareholders no one should be surprised if shareholder capitalism - and as a consequence capitalism itself - gets a bad name.
When naked self-interest is perpetrated by the 'leaders' of companies that are supposed to serve the interests of investors (the US brokerage and investment banking outfit Keefe, Bruyette and Woods in this case) it is an even more egregious slap in the face of ordinary investors.
(03-12-2012)
To date, the DExit movement has mostly been “all hat and no cattle,” but
that changed yesterday, when Andreessen Horowitz, one of Silicon Valley’s
biggest ...
19 hours ago
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