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it's those shareholders with a chance of influencing who has a controlling interest that have the power to influence the company's management.

This is an argument that the soft reform option would seldom be exercised (e.g., only when positive externalities are huge); and this, in turn, argues against wchurchill's concern that it might substantially disrupt incentives.

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by technopolitical on Sun Dec 24th, 2006 at 03:48:07 PM EST
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