Question
The management of Blanche Inc. controls 58% of the companys stock. The firm did not meet any of its quarterly sales projections for the last
The management of Blanche Inc. controls 58% of the companys stock. The firm did not meet any of its quarterly sales projections for the last year. Some of the firms institutional investors are worried that the firms poor performance is partly because management has not been focused on maximizing shareholder wealth. Which of the following measures would the institutional investors most likely want to see implemented?
They would want to make sure the companys charter contains a shareholder rights provision.
They would want to make sure the company has a restricted voting rights provision.
They would want the company to ban targeted share repurchases.
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