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Stephen M. Bainbridge: Sunlight the best disinfectant for hedge fund empty voting
Stephen M. Bainbridge, The Examiner Jan 30, 2007 3:00 AM (1050 days ago)WASHINGTON One vote per share of stock long has been the dominant rule in American corporations. This link between economic and governance interests generally works well. It ensures that as a shareholder’s voting power increases, so does the shareholder’s proportionate share of the corporation’s earnings. Accordingly, a shareholder with a substantial voting position has a strong interest in ensuring that the corporation performs well.
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