Fundamentals of Financial Management (MindTap Course List)
15th Edition
ISBN: 9781337671002
Author: Brigham
Publisher: Cengage
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Question
Chapter 1, Problem 10Q
(a)
Summary Introduction
To explain: T is ordinary shareholder or not.
Introduction:
Direct Stockholder’s Intervention: Most of the shares are owned by institutional investors such as insurance companies pension funds, and rather than individual. These institutional investor control over the firm’s operation and oversee the management operation.
(b)
Summary Introduction
To explain: The manager should vote its shares or should pass those votes on a pro-rata basis, back to its own shareholders.
Introduction:
Direct Stockholder’s Intervention: Most of the shares are owned by institutional investors such as insurance companies pension funds, and rather than individual. These institutional investor control over the firm’s operation and oversee the management operation.
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