Cynics have long claimed that corporate democracy was a chimera. But after the shenanigans at American Industrial Properties even the starry-eyed may have to agree
Is there gold in them tha'r malls? Texas property company American Industrial Properties has now been the subject of a three year siege by grimly determined majority shareholders trying to oust the company's management. It has a little way to go before it matches the siege of Troy, but the epic battle has revealed some surprising things about corporate governance.
Above all, even uninvolved investors across the US were surprised by the revelation that an NYSE-listed company's management could
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