There are two schools of thought about the solution. The main idea has always been that you do not buy or retain ownership of securities in firms whose management you do not like.
Investors who actively promote their influence in making managerial changes often have another motive. They often are more interested in takeovers and active management.
Furthermore, it takes a lot of nerve and arrogance on the part of outside investors who think they can micromanage because they have a large stake in a company. They may make better use of their time elsewhere.
Sure, they may want to look for over-zealous salaries and bonuses and for fraud, but that should be all. Good general corporate performance is what they should seek. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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