Summary
ANYONE listening to the Churchillian rhetoric of hedge fund managers Jon Wood of SRM and Philip Richards of RAB Capital at the Northern Rock egm in Newcastle, might well have deduced that they were acting out of altruistic motives.
Certainly, in the interests of shareholder democracy it was good that they and some of the real ordinary stockholders - the former Northern Rock members who became investors on floatation - had a chance to air their views.See the full content of this document
Extract
Fanning the Flames Up North ; Comment
Moreover, no harm was done when a single resolution - requiring further shareholder consent if new shares were issued - was passed.
This may look cumbersome to any private sector saviour who might happen to...See the full content of this document
Sponsored links
