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Saying It All

…Credit is trading, and Hank Greenberg—who ran the firm into the ground but remains a major shareholder and on the Board of Directors—will still have a piece of the “nationalised”…

Fortune Magazine on Corporate Pension Plans

…worker’s wealth towards shareholder’s wealth. Some GM retirees would be worse off than they are under the existing pension plan, but prospects for current employees (and potential future employees) would…

Who Controls Sinclair Broadcasting?

…depressed price, what are the legal remedies of minority shareholders when the controlling interests extract value for their own perquisite consumption? Q3: for the eager reporter types: is there other…

Markets In Action

Uggabugga’s got the details. In fact, the market seems to already be exacting a price for SBGI’s nonsense — this plan may not make it past the shareholders. AB UPDATE:…

Speaking of Buffet Berkshire-Hathaway’s annual shareholder meeting was held last weekend. Buffet invariably has a great line on any topic, and it looks like his designated successor right-hand man, Charlie…