Here is an interesting quote from the article in the url below:
“‘Shareholders are stupid and impertinent — stupid because they give their money to somebody else without any effective control over what this person is doing with it, and impertinent because they ask for a dividend as a reward for their stupidity.’ So said the banker Carl Fürstenberg, who ran the Berliner Handels-Gesellschaft in the late 19th and early 20th century.”
Have a good weekend
David
David
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IPOs and Shareholders
By John Plender
February 23, 2017
Financial Times
Late Edition – Final
9
