MoneyWeek

The shareholders are revolting

In 1966 author John Brooks decided he was missing a trick when it came to financial fun: he had never attended a “Stockholder Season” – the month in the spring in the US when most big companies held their annual meetings. He had heard that managers planned to clamp down on shareholders’ “unruliness”. In 1965 the chair of the Communications Satellite Corporation called on guards to “eject bodily two badgering stockholders” and hecklers had to be escorted off the premises at the Consolidated Edison meeting too. Shocking stuff – and it suggested the

You’re reading a preview, subscribe to read more.

More from MoneyWeek

MoneyWeek2 min read
A Mid Cap Maintaining Momentum
Chemring is a FTSE-250 company with a market value of £943m. Its results for the year to 31 October 2023 were released last December. They revealed the largest order book for over a decade, revenue of £473m (up by 19%), underlying operating profit of
MoneyWeek2 min read
Will Ocado Cross The Pond?
In what would be “yet another major blow to the capital’s beleaguered bourse”, Ocado has reportedly discussed with investors the option of moving its listing to New York, says Lars Mucklejohn in City AM. At least one top fund manager had told Ocado t
MoneyWeek1 min read
Dune Is A Prophecy
bloomberg.com Dune: Part Two, the second installment of Denis Villeneuve’s adaptation of Frank Herbert’s science-fiction classic, is “superb”, says Adrian Wooldridge. It also has “something to tell us about the direction history is heading in”. That

Related Books & Audiobooks