Выбор редакции

Proposal to split Chairman/CEO roles at Morgan Stanley quashed

  • Morgan Stanley (MS +1.6%) lawyers do a fine bit of lawyering, discovering a technicality in a shareholder letter requesting a vote at the spring annual meeting on splitting the Chairman and CEO roles at the company.
  • The result: The SEC has informed Morgan it's free to ignore the proposal from C. Francois Swanepoel - supposedly an owner of 208 shares in the bank since 2007.
  • The proposal, of course, had little-to-no chance of passage.
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