Stockholders

In the private sector system there is a thing called Stockholders equity which, very simply, equates to the capital assets of the entity.

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The Commissioners shall call the Stockholders together, as soon as may be convenient, to elect twelve Directors, who shall elect officers, adopt by-laws, and organize and manage all the business of the Company; but no insurance shall be made until one hundred thousand dollars of the capital stock shall be paid up.

Acts of the General Assembly of the State of Georgia, Passed in Milledgeville, at an Annual Session in November and December, 1861. Georgia. General Assembly 1862

The earnings call will follow the Company's 2011 Annual Meeting of Stockholders, which is scheduled for earlier that day at 9:00 a.m.

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See Note 11 - '' Stockholders 'Equity' 'for the assumptions and methodology used to determine the fair value of In April 2003, the FASB issued SFAS 149,' 'Amendment stock-based compensation. of Statement 133 on Derivative Instruments and Hedging Activities' '(' 'SFAS 149' '), which amends SFAS 133 for The preparation of consolidated financial certain decisions made by the FASB Derivatives Imple - Use of Estimates. statements in conformity with generally accepted account - mentation Group.

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The spread of risk has disappeared, replaced by a loss of Share value for Stockholders.

Executive Compensation, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Your arguments do not address the loss of Property right by Stockholders through Stock options and grants.

Stock Options, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Stockholders must trust managers to run a corporation in their best interests.

Asbestos Litigation Costs, Arnold Kling | EconLog | Library of Economics and Liberty 2009

This is what must be regulated, or eventually; a sharp reaction from Stockholders will come. lgl

Executive Compensation, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Corporate officers must clear such R&D with either Bankers or Stockholders in the form of a Board of Directors, niether of whom is noted for being excited about radical and chancy developments.

Innovation, Business Behavior, and Education, Arnold Kling | EconLog | Library of Economics and Liberty 2009

Stockholders lose a real value in their Stock and Dividends.

Executive Compensation, Arnold Kling | EconLog | Library of Economics and Liberty 2009