| Practice |
American Express
At the spring annual meeting of shareholders
in 1977, James D. Robinson III was elected chairman of American Express,
the New York-based financial services company known for its travellers
cheques, and its unique charge now... |
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Armand Hammer and Occidental Petroleum
In 1989, the proxy statement of the
Occidental Petroleum Company informed shareholders that the company
intended to spend tens of millions of corporate dollars to build
a museum to house the art collection...
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Carter Hawley Hale
In 1984, Carter Hawley Hale stores (CHH)
was the largest retailing chain on the West coast, and sixth largest
in the country. Based in Los Angeles, its nationwide empire stretched
from trendy LA bargain basements to ... |
Eastman Kodak
The following report is a study prepared
by Lens Inc., an investment management firm in which both authors
of this book are Principals. This study shows how informed and involved
shareholders may ... |
General Motors
In 1915, the Treasurer of the DuPont
Company, Jacob J. Raskob, persuaded Pierre S. du Pont to buy 2,000
shares of a fledgling company called General Motors (GM). Raskob had
been interested in the motor...
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Mirror Group
High-profile shareholder activism was,
until recently, a mainly US phenomenon. However, in March 1998,
the US activist fund Lens Inc. (of which the two authors are principals)
joined forces with UK fund manager...
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Polaroid
In the spring of 1988, Shamrock Holdings,
an investment group headed by Roy Disney, bought a position of roughly
5 percent in Polaroid Corp. The stock of the imaging company was then
trading... |
Sears
Sears, Roebuck & Company is one of
the great success stories in American commerce. The company had its
roots in 1886 when Richard Sears started selling watches in rural
areas. Later, he developed the idea of selling ... |
Stone & Webster
The work of Stone & Webster can be
found in the very fabric of the United States of America. As an engineering
and construction business, the company helped build the superstructure
for the Manhattan project which ... |
Time Warner, Inc.
Just about everything the courts said
about the duty of directors to shareholders in the early takeover
cases was reversed in the case involving the Time Warner merger. That
case represents probably the greatest... |
Waste Management
Waste Management was a star stock of
the 1970s and early 80s. Its founders, Dean Buntrock and Wayne Huizenga
(who went on to launch the worldwide Blockbuster video rental chain)
understood that domestic ... |
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