Wednesday, April 06, 2005

Let the games begin

I know it's late. And the Cranky Economist is a bit tired after his first Cranky Victory of the season on the Cranky Local Public Tennis Courts. But this is just too good a story to not comment on tonight:

The natives are restless. MCI shareholders are expressing their dissatisfaction with the board's decision to go to Verizon. Qwest is sticking to its guns. Everyone (this being America) has hired lawyers. Let the proxy fight begin!

NB: When you read this article, keep in mind that 11% of the stock is a lot in the proxy world. And that 11% represents an enormous amount of money in its own right.

0 Comments:

Post a Comment

<< Home