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Article: Political preconditions to separating ownership from corporate control.
- Article from:
- Yakima Herald-Republic
- Article date:
- December 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Stanford Law School. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INTRODUCTION: WHY DO ONLY SOME NATIONS HAVE PUBLIC FIRMS?
The public firm, with dispersed stockholders in deep liquid securities markets, dominates business in the United States. Despite its pervasiveness, the public firm has well-known infirmities, namely in the fragile ties that bind managers to shareholders. If shareholders strongly fear managers' disloyalty or incompetence, they invest warily; if sufficiently fearful, they do not invest at all, and other ownership structures will prevail. But the core problems of binding managers to shareholders in the United States have shrunk to acceptable levels; investors are not so afraid of managers that they refuse to ...
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Article: Steel Processing Firm Resumes Production at Ottawa, Ohio, Plant.
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May 1, 2003 ;
571 words
... ... The Putnam County plant was the only one that interested Steel Technologies, a $475 million public firm with 15 facilities in the United States and Mexico and more than 1,200 employees. "Ottawa happened to be the gem, as far as we're ...
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