Hints and tips:
...It was the dawn of an era in which soaring stock markets created vast fortunes for a growing number of hedge funds run by imperious managers....
...Banks are in the trust business. Some actual human being should have intervened in this dystopian corporate farce before it got out of hand....
...As Smith himself framed it: “We were everybody’s kid brother until we started taking a lot of money from people.”...
...From a recent Vanity Fair piece on the topic: Lachlan [Murdoch]’s future will be decided by his siblings, all of whom sit on the board of the trust that controls [News Corp] through a special class of stock...
...There are just 800 employee-owned companies in the UK, and 250 of these were created in the 18 months since March 2020, according to the Employee Ownership Association....
...The measures used by the super-rich to disguise ownership date back to the Middle Ages, when noblemen fighting wars overseas placed their land in trusts, while retaining rights to use the land and benefiting...
...A week earlier, the company said it had received shareholder undertakings which, alongside directors’ and employee benefit trust votes, indicate that holders of at least 52.8 per cent of shares will support...
...Employee share ownership has not soared alongside CEOs’ stock-heavy incentives, but investors could insist on changing that....
...(Bloomberg) Open to suggestion Activists swarming corporate Japan have found an ally in Tokyo Stock Exchange boss Hiromi Yamaji, who says more vocal investors could be exactly what Japan Inc needs....
...After Drexel’s bankruptcy he and Leon Black — his brother in-law — joined forces to form Apollo Global Management....
...Plenty of models already exist, from co-operatives and mutuals to employee partnerships, trusts and foundations....
...“J&J should be trying to take some ownership,” says Mr Nelson....
...Maybe our companies are not suited for public ownership.” Oaktree was borne out of another Los Angeles bond powerhouse, Trust Company of the West....
...Neuberger Berman Founded: 1939 Assets: $295bn Employees: More than 1,900 Headquarters: New York Ownership: Employee-owned (approx 535 employee owners) Unlike the biggest managers, Neuberger has focused...
...Fox also offered up a “commitment that no employee or officer” of Fox, or a Fox board member linked to the Murdoch family trust, “will influence or attempt to influence the editorial choices made by the...
...(At least one appears to have become a BSI client, with a Swiss account held via a Guernsey trust.)...
...The family trusts that all parties will act responsibly towards a loyal servant of the company in a manner which reflects the stress he has been suffering”....
...“On top of that he has the option in three years to keep the stock or hand it over to bondholders.”...
...Except the accompanying notes say that he doesn’t actually own them, but manages the stock on behalf of unnamed beneficiaries instead. And those beneficiaries do not include Mr Parmar or his family....
...She adds: “There was a loss of trust and faith in the banking system and people felt it was their chance to do something different.”...
...“There is no greater trust than between mother and child. So there’s an element of trust built into everybody’s attitude towards J&J that’s not built into many other companies.”...
...He has charm and a remarkable ability to make people trust him.” The website also calls Robertson “a key player in Kazakhstan and Central Asia”....
...“It is suffering from a big-company syndrome,” says one veteran SoftBank employee....
...An employee is summoned to help him back up to his office but, before we get up to go, I ask again about politics....
...In 2006, Mr Choueifaty set up what was to become Tobam as part of Lehman Brothers Asset Management....
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