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To: Tom Hua who wrote (104)12/15/1999 11:27:00 PM
From: wily  Respond to of 653
 
>>large management ownership is always a good thing for any stock. If I own a large chunk, I'll have more incentive to work harder.<<

OTOH, if the public owns a majority and management underperforms they will be replaced, which is another form of incentive. But further, with majority ownership, aren't there ways that management can help themselves at the expense of share-holder value? I've always just assumed this -- maybe I'm wrong.

wily


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