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48% of the vote is well above what would be required to control google, especially considering that google probably has a high fraction of individuals holding t
by danteembermage 17y ago
48% of the vote is well above what would be required to control google, especially considering that google probably has a high fraction of individuals holding their shares who don't usually vote their proxies. I don't begrudge these guys their diversification at all, I doubt the market does much either.
- grandalf 17y agothe market will probably like it :)
- mixmax 17y agoApparently not. They're currently down 5.6% from yesterday http://www.google.com/finance?q=goog http://www.google.com/finance?q=goog
- paulsmith 17y agoI've never understood this impulse to try and divine a market's reaction to news from a 1-day timespan. Especially for move like this, where the effects in corporate governance might not be seen for some time, wouldn't the better indicator of how well-received it is be the stock price after 3, 6, 12 months? Aren't these just big fund managers making snap judgments and moving sums around for the biggest bang?
- randombit 17y agoActually, more likely it's a few hundred different automated trading systems all playing off each other. If you're managing a pension fund, volatility is the last thing you're after.
- xenophanes 17y agoApple went down about the same amount, so it was probably something else...
- jganetsk 17y agoThat's because of the earnings report.