The idea behind the fines

Reader comment on: Two on JPMorgan Chase

Submitted by Lyle (United States), Sep 25, 2013 21:14

Supposedly the shareholders elect the board of directors albeit the elections would have done the old Soviet Union proud. As a result, because they elected a board that did not take care, they take the loss. Now that does argue for allowing outside candidates to be put on the proxy statement. The old saw that such directors could run the company into the ground, is sort of answered by if 51% of the shareholders want to run the company into the ground is that not their right?


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Title By Date
Of course he thought it was a "favor" for the government regulators - watchdogs on the financial corp. [311 words]Mark MichaelSep 26, 2013 13:30
A bit of an update [173 words]LyleSep 27, 2013 16:33
⇒ The idea behind the fines [87 words]LyleSep 25, 2013 21:14

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