Canny insiders - with the help of advisers among investment banks - are steadily eroding shareholder rights. There is opposition but it is piecemeal and split. Reality is, if the major fiduciaries in the asset management business would get together and put their feet down this unhealthy development would be stopped very quickly. I would not go so far as to call these structures the biggest threat to financial markets but they are just one more factor behind the continuous increase in Inequality.
(27-Mar-2019)
Dual-class structures biggest threat to financial markets
The Corp Fin Staff’s November 2025 announcement that it didn’t intend to
referee the Rule 14a-8 process during the 2026 proxy season was explicit
that the ...
22 hours ago
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