On a shortcoming of neocameral terminologyhttp://tonreihe.tumblr.com/post/153616158905/on-a-shortcoming-of-neocameral-terminology …
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... If you think management sucks, you don't haggle -- you dump your stock. ...
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in any company I worked in, management were terrified of shareholders (very properly)
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I've heard the Continental model strengthens mgmt, "stakeholders" versus shareholders. I wouldn't know.
End of conversation
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but coordination costs of e.g. directly changing board are inconvenient not insuperable.
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