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Re: A little Christmas present for Penske
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Originally Posted by sebastian_dangerfield
Been in a proxy war lately? Carl Icahn bought a bunch of that stock years ago and promptly dumped it a month later, after discovering how utterly fucked the company was. See also: Kirk Kerkorian.
Blaming shareholders is silly. Their only crime was staying in that hopeless piece of shit as long as they did.
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I agree with you about that kind of thing, but shareholders provide incentives to management just by selling the stock if the long-term prospects aren't good.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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