Netflix (Nasdaq: NFLX ) has given many indications it's becoming obsolete, and its recent strategy to adopt a poison pill to thwart activist investors like Carl Icahn is not a step in the right direction. In fact, it adds the insult of poor corporate governance to ongoing injury to shareholders in recent memory.
A shareholder rights oxymoron
You know how sometimes people call an extremely tall person Shorty? Well, that's kind of like the way the term "shareholder rights plan" plays out in comparison to how it actually functions. Of course, from corporate managements' point of view, the friendly sounding term "shareholder rights plan" is simply good old-fashioned misleading marketing.
Elliott Research Financial Education Foundation,Inc (501-c) 312-857-5527 . The right financial Planning can help you achieve your financial goals and prepare for retirement." While I advocate for financial literacy and Senior Lives Matter as a critical tool to empower individuals
No comments:
Post a Comment
Imagination is more important than knowledge. Knowledge is limited.