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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