Posts Tagged ‘Xstrata’

Glencore-Xstrata shenanigans show corporate managerial power out of control

by Michael Meacher.

The joint stock company, the foundation unit of modern capitalism, is dead. But corporate managerial capitalism is alive and kicking. Whatever the constitutional theory that shareholders are in ultimate control, this myth is daily confounded by repeated evidence of management takeover from the inside. Shareholdings have become so remote and so fragmented, and the tentacles […]

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