tag:blogger.com,1999:blog-4740849900073154554.post4919628490651751667..comments2023-08-25T17:30:36.937+05:30Comments on Business Musings: No love lost for hedge fundsRameshhttp://www.blogger.com/profile/11782192840421019943noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-4740849900073154554.post-8828121977053272762010-01-22T05:03:09.541+05:302010-01-22T05:03:09.541+05:30@gils - wow, that's the best compliments I'...@gils - wow, that's the best compliments I've got. If I can attract you to a boring business blog and you feel gud, well ....<br />Hedge funds certianly have a role tom play in markets. What I object to is their use of shareholder rights to make a fast buck to the detriment of other stakeholders who are involved with a company. Law provides a primacy to shareholders as owners of a company. That was not meant to grant primacy to short term fast buck guys like hedge funds.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-44328883861485546872010-01-21T11:51:11.792+05:302010-01-21T11:51:11.792+05:30but antha mathiri fundoda arthamay intha mathiri g...but antha mathiri fundoda arthamay intha mathiri go-for-the-kill situationsku thaan ilaya?? apo totala hedge fundsay koodathu solreengala?gilshttps://www.blogger.com/profile/03259194565523548553noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-90861707864888008462010-01-21T11:49:35.154+05:302010-01-21T11:49:35.154+05:30!!! thalaivaray ungala pathi post mathi post pugaz...!!! thalaivaray ungala pathi post mathi post pugazhthuturken solitu soap podrennu nenachukathenga..ithana naala enaku hedge fundna ennanay purila..aana intha post padichaparum..understood it..chaanceleenga..semma simpla neata crispa..enna prachanai..athuku possibla enna solution tharalaamnu..romba nalla solirukeenga. If u can take up teaching as a profession (if not already) many wud benefit. Apdi ilaati again i go back to my previous request of "eco for dummies" sort of a ready recokener book. This subject is something which i find not many have a grasp of and even if they do..they dont have the knack of explaining it in simple terms. You've both :) chanceleenga..feels gud to have got into this blog :)gilshttps://www.blogger.com/profile/03259194565523548553noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-23442886380603066652010-01-21T04:18:50.550+05:302010-01-21T04:18:50.550+05:30@Sandhya - Maybe, Maybe, but I doubt. We have acce...@Sandhya - Maybe, Maybe, but I doubt. We have accepted the complete sanctitiy of stock markets and ligslation is unlikely to come, I think.<br /><br />@Durga - Oh, you are too kind.<br /><br />@Sri - Hey thanks so much for am kind compliment. I am happy to be writing this blog rather than do anything else !<br /><br />@Dada - Wow - sheer luck of timing !<br /><br />@VA - Oh thanks so much.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-28735554379312788462010-01-20T18:33:37.686+05:302010-01-20T18:33:37.686+05:30This is another excellent dimension added to one o...This is another excellent dimension added to one of your earlier post on Nestle. Your suggestions are like magical wands. Very incisive remedy! I have no words, Sir!VAnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-77045374406858344502010-01-20T12:21:14.450+05:302010-01-20T12:21:14.450+05:30It is notable that in today's FT, Peter Cadbur...It is notable that in today's FT, Peter Cadbury - a descendant of the original George Cadbury - has this to say " “The City Code should be changed so that shareholders that appear on the register after a bid is announced should not be able to vote.” The FT's Headline is that the deal is good for globalisation. This may be true, but one cannot sacrifice interest for a principle. It is bad politics and ultimately the outcomes are not necessarily beneficial.<br /><br />You should be writing for a major column my friend.Ravi Rajagopalanhttps://www.blogger.com/profile/17321251570712041230noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-75763326122147496242010-01-20T11:40:19.934+05:302010-01-20T11:40:19.934+05:30whoaa I am wonderstuck at the expertise you show a...whoaa I am wonderstuck at the expertise you show and the thing about voting rights of share holders. You should be writing for business coloumns in magazines, or be a top advisor in a firm. God u rock!srihttps://www.blogger.com/profile/05163300976131007175noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-40685680075652197932010-01-20T09:02:23.544+05:302010-01-20T09:02:23.544+05:30Completely agree with your viewpoint. Another one ...Completely agree with your viewpoint. Another one of the business insights from the online professor!Durganoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-14208707872271209462010-01-20T07:43:13.367+05:302010-01-20T07:43:13.367+05:30The point to observe in situations like this is th...The point to observe in situations like this is that every one knows what has happened is wrong, the current britain government, the media, public at large, the share holders (excluding the hedge funds who are not share holders but mere share bearers), every one feels what has gone wrong.<br /><br />So maybe kraft will set the requisite example for the british legislature to take suitable modifications to the provisions to give credit to long term share holders.<br /><br />But strictly no more bail out for these gamblers !!Sandhya Sriramhttp://sandhyasriram.sulekha.comnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-85058082875071201842010-01-20T04:20:41.076+05:302010-01-20T04:20:41.076+05:30@dada - Its not so much only the government. Thes...@dada - Its not so much only the government. These funds who punted, did so with a large sum of money. If the deal did not happen, they would have a lost a packet. We are back to the same old wild ways that brough the financial crisis in the first place - wild unrestrained gambling. A society that encourages and rewards such wild risk taking deserves a financial crisis every 5 years.<br /><br />@J - Very right. The idea is riddled with problems. But in the name of allowing liquidity in capital markets ( a worthy goal for sure), we have allowed complete anarchy. If we want that, we should also then accept periodic financial crises and taxpayers should not save such cowboys from ruin.<br /><br />@Deepa - In the non Anglo Saxon world in Europe, such safeguards exist. For long we have criticised them as protectionist and thereby breeding inefficiency. But I am not so sure now. The French suystem which has a lot of safeguards for management seems to be as effective in spawning global companies as the British one.Rameshhttps://www.blogger.com/profile/11782192840421019943noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-44110710576154326922010-01-20T00:34:02.389+05:302010-01-20T00:34:02.389+05:30It is such a pity that speculation has become more...It is such a pity that speculation has become more important than business. What a contrast from your blog on Nestle. Business consortiums should work together, and lobby for regulations to safeguard themselves from the sharks. If they stand by like mere on-lookers, this would go on happening.Deepahttps://www.blogger.com/profile/16149267172223745802noreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-12688954264101422982010-01-19T22:23:47.912+05:302010-01-19T22:23:47.912+05:30//if you haven’t held the shares for more than a y...//if you haven’t held the shares for more than a year, you have no right to influence a M&A transaction – you have no voting rights, you have no right to sue.//<br /><br />I can see all kinds of problems with this but love the spirit of the idea - definitely worth a try. It is clear that these short term investors do not care about long term value but the challenge is to show clearly that there is a wealth transfer from the truly long term investor to these guys. Otherwise they are mere irritants to managers.Jnoreply@blogger.comtag:blogger.com,1999:blog-4740849900073154554.post-40666332967556808772010-01-19T22:21:10.945+05:302010-01-19T22:21:10.945+05:30I agree with you and am appalled. The problem is t...I agree with you and am appalled. The problem is that legislators are too stupid and do not understand the financial services industry other than in soundbites. They have to legislate intelligently based upon a good understanding of short-term and long-term interests. Your suggestion of limiting voting rights on M&A to shareholders of a certain longevity is very sensible and can be done immediately.Ravi Rajagopalanhttps://www.blogger.com/profile/17321251570712041230noreply@blogger.com