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"Einhorn, whose Greenlight Capital owns 3.6 percent of GM, was equally tough in the letter he sent to shareholders..". Someone help me understand how come a pe
by CodeSheikh 9y ago
"Einhorn, whose Greenlight Capital owns 3.6 percent of GM, was equally tough in the letter he sent to shareholders..".
Someone help me understand how come a person/entity who merely owns 3.6% of a company has the right to be this aggressive about the future growth and policy-making of the company?
- nradov 9y agoRights have nothing to do with it. Any shareholder can write a letter.
- stupidhn 9y ago>Someone help me understand how come a person/entity who merely owns 3.6% of a company has the right to be this aggressive about the future growth and policy-making of the company? Some help me to understand how an owner of a company is not entitled to be aggressive about the future of the company. It's mostly in Silicon Valley where nobody cares about shareowner's rights (and yet everyone is so concerned about the little get getting the short end of the stick).
- CodeSheikh 9y agoShareowner mostly comprise of greedy wall streets fund managers and they will short the shares with out caring much about the DNA of the company or its organic growth. Shareowners as in fund manager never cared much about private small shareowners like yourself and me.
- aerovistae 9y ago"Merely 3.6%"? You realize the largest institutional shareholder of Apple stock is Vanguard, owning ~330 million out of 5.3 billion shares? A "mere" 6.2% or so?
- CodeSheikh 9y agoYeah 6.2% of APPL shares not the % stake in the company.