Today
Email | Share | Save | Print | Comments

We are shareholders, but....

by Paul B. Brown
Posted October 15, 2008 6:23 AM
Posted in

Here is what I plan to ask my Congressman:

Sir,

Typically, shareholders have three ways to influence the corporation in which they own stock.

1. They can vote with their feet, if they are unhappy. That is, they can sell their shares.

2. If they hold onto their stock, they can vote at the annual meeting.

3. And if all else fails, they can sue.

Now that I own (as a taxpayer) preferred stock in some of the nation's largest financial institutions, do I have any of these options? And if I don't, why not?

‹ Traveling with a Demented ElderMaking Sense of Supplements ›
PaulBBrown's blog
Comments
Have something to say? Share your thoughts.

babelonian's picture
Posted October 16, 2008 10:58 AM
It could in fact be argued that perhaps you do have these options -- at least in terms of influencing the government. 1. Vote with your feet -- emigrate. 2. Vote during elections. 3. And if all else fails - yeah, you got me -- ... heh.
Report Abuse
Ads by Google