August 2018
Beginner to intermediate
350 pages
11h 58m
English
We've discussed blockchain as a mechanism for stakeholders to have greater control over corporate governance. What could shareholders control?
Men like Benjamin Graham delighted in taking over corporations that didn't perform and forcing them to pay dividends. This is an example of shareholder activism. The corporation exists for your benefit—if it's not working for you, make it work for you.
Running a big cash surplus? Make it pay cash dividends.
Executive compensation out of control? Cut compensation, renegotiate, and fire, as the law allows.
Your corporation is a Radio Shack or a Blockbuster, woefully under-equipped to compete today? Liquidate it. Turn it into Ether.
Corporations with activist shareholders ...
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