Pas de « Printemps des actionnaires »

CHICAGO - La crise économique mondiale qui continue fait non seulement perdre les élections aux gouvernements sortants, mais elle ébranle également les conseils d'administration. Quand les cours et les bénéfices des actions ont semblé défier la pesanteur, les réunions d'actionnaires ont ressemblé à des conventions politiques américaines : une exposition pour favoriser une image de marque, plutôt qu'un forum de discussion sur les questions controversées. Cette année le regroupement des assemblées générales ordinaires a été différent. Frustrés par de faibles rendements, les investisseurs se montrent beaucoup plus téméraires.

Au Crédit Suisse et chez Barclays, par exemple, plus d'un quart des actionnaires a rejeté le régime de solde et d'indemnité proposé par la direction. Chez Citigroup, une majorité d'actionnaires a rejeté le traitement des directeurs de Citigroup - la première compagnie du S&P 500 où cela s'est produit.

Les actionnaires activistes peuvent également se vanter d'autres victoires (au moins partielles) chez Yahoo! où un actionnaire activiste a forcé le PDG nouvellement désigné à démissionner pour avoir falsifié ses diplômes.

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    China in the Lead?

    For four decades, China has achieved unprecedented economic growth under a centralized, authoritarian political system, far outpacing growth in the Western liberal democracies. So, is Chinese President Xi Jinping right to double down on authoritarianism, and is the “China model” truly a viable rival to Western-style democratic capitalism?

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