Re: [Fwd: WQEW make your move])

["A. Joseph Ross" <lawyer@world.std.com>]

Brian Vita wrote:
 
> While I agree with the first paragraph I have to remind you that corporate
> cultures have changed.  The Bill Paleys have given way to the Carl Ikahn
> (something like that) who would take a company on a hostile takeover and
> pare it down to its profitable threads.  Paley would have been overthrown
> the minute he tried something unprofitable.

That depends on how much of the stock he and his allies controlled.
 
> It is an unfortunate reality that many of the most stable and respectable
> corporations have been taken over by the Wall Street Whores.  The bean
> counters have taken over the industry and the people that built it have
> been pushed out.
 
Yes, but my point was that the legal duty of corporate officers leaves them
plenty of room to look beyond this quarter's bottom line.  That they
currently don't choose to do so is not a matter of their legal duty to the
shareholders.

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 A. Joseph Ross, J.D.                                     617.367.0468
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