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I have always difficulties understanding these kind of statements: "appointment of civil servants or politicians to the supervisory board was unacceptable in t
by beefield 6y ago
I have always difficulties understanding these kind of statements:
"appointment of civil servants or politicians to the supervisory board was unacceptable in the eyes of Lufthansa's executives."
Like, how is that any of executives' business who is on the supervisory board? If they do not like the money, find other investors, easy as that? It is almost like "ownership" is not a concept that should be associated with corporate shareholders at all, because it seems that the relationship between shareholders and corporation has very little resemblance of actual ownership.
Same thing applies to "hostile takeovers". What on earth is that? How come executives of the company I have shares at think they are anyhow entitled to have an opinion about me selling my shares to whom I want? None of their business whatsoever. If they want to have opinion, offer me better price.
- wjnc 6y ago1. In a dual board one could describe members of both boards as executives. I can quite understand supervisory board members to be unwilling to work with political agents on their board if they feel the firm's not lost yet. 2. Hostile takeovers are hostile to current management. You are obviously free to do what you want with your share. It's the firm treating the takeover as hostile. Shareholders are free to vote in / remove executives in order to change the way a takeover is perceived.