Thursday, November 17, 2005

democracy

A lot of work to do... the year's closing and the books are made up. Next year will probably a broken year cause the policy will be changed from July 1. Politicians can overrule this decision by the Cabinet and may be there is a majority against the plan. Problem will be that those politicians will often choose for the party line. If so then the majority will do what they don't want. Isn't that strange?

The same sort of democracy was seen in companies. In the 90's take-overs and mergers were happened almost daily and often large shareholders and small ones were against the plans of the management.
But today the take-over of IMS health by VNU business publishers was cancelled by a broad coalition of large shareholders like Fidelity. For the first time a Dutch company was weren't allowed by it's shareholders to do what it wants. That's called democracy.

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