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Do they really do it? In the past 40 years several FTSE 250 companies have collapsed, gone bancrupt or suffered some other disaster. I can't name any example
by ClumsyPilot 4y ago
Do they really do it?
In the past 40 years several FTSE 250 companies have collapsed, gone bancrupt or suffered some other disaster.
I can't name any example where shareholders replaced upper management before it was too late. Can you?
- drexlspivey 4y agoThey do it indirectly via the board of directors, they are the representatives of the shareholders (akin to a representative democracy). It is a common scenario for the shareholders to vote in a new board to replace the existing management. https://en.wikipedia.org/wiki/Proxy_fight https://en.wikipedia.org/wiki/Proxy_fight