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Big business takes aim at corporate activists
Big business takes aim at corporate activists

"Shareholder democracy" long has been derided as an oxymoron, like "military intelligence" or "jumbo shrimp." Yes, corporate managements bow endlessly to the mandate that they act exclusively in the shareholders' interest, but in real life they treat the poor sap with a few hundred shares as hardly more important than the night janitor. So it's proper to ask why Big Business has been aiming its heavy artillery at a small clutch of shareholders who have the temerity to try to obtain for their fellows the right to vote at annual meetings on issues that might affect the value of their stock. Issues such as the structure of their companies' boards...

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