| Re: (Local Airlines) Aloha oe, Aloha... |
|
 |
|
 |
|
 |
|
 |
Group: soc.culture.hawaii · Group Profile
Author: Alvin E. TodaAlvin E. Toda Date: Apr 12, 2008 15:05
On Thu, 3 Apr 2008, Jerry Okamura wrote:
> Don't you think that ANY company that is in deep
> financial trouble has as their primary responsibility
> what is best for the shareholders of the company?
In theory, yes. In practice, no. That's why we have the
Sarbannes-Oxley act. To keep CEOs and Boards from
inflating company profits, and hiding problems from
creditors and shareholders. The usual corporate
practice doesn't help the shareholder, but is in the
interest of the CEO. In this case, it's pretty obivous
that the Aloha executives don't want a takeover by
Mesa. The same was said about a takeover of Yahoo by
Microsoft.
| 
