Back to the RadioSpace™ home page


NewsDirect story topics:

Consumer, Business & General Interest

Current Events & Public Affairs

Entertainment & Sports

Health & Medicine


A New Case Study on Corporate Governance Chronicles the Failed Merger--and Ongoing Legal Battle--between Two Energy-Pipeline Giants


bocina.gif (3353 bytes)
Fully produced report in:
MP3 format
Ogg Vorbis format
QuickTime (MPEG-4/AAC) format
Windows Media Audio 9.2 format
(76 seconds)


  Bookmark and Share

-- How Will You Use This Story? --


(OPEN):
THE "MARKET INSTITUTE"--A WASHINGTON, D-C-BASED THINK-TANK--HAS RELEASED A "DEEP DIVE" REPORT ON AN ONGOING LEGAL-BATTLE BETWEEN TWO ENERGY-GIANTS: "WILLIAMS COMPANIES" AND "ENERGY TRANSFER".  THE REPORT--TITLED "DESTINED TO FAIL"--IS A CASE-STUDY ON CORPORATE-GOVERNANCE, AND WHAT IT CALLS THE "TROUBLING BEHAVIOR" OF "WILLIAMS'" C-E-O, ALAN ARMSTRONGCHARLES SAUER ["SOUR"] IS THE PRESIDENT AND FOUNDER OF THE "MARKET INSTITUTE"...

(SAUER):
"
WARREN BUFFETT RECENTLY SAID THAT MEMBERS OF BOARDS-OF-DIRECTORS ARE MORE LIKELY TO BE 'COCKER SPANIELS' THAN 'PIT BULLS'--MEANING THAT THEY WANT TO APPEASE COMPANY-C-E-O'S, INSTEAD OF SERVING AS REPRESENTATIVES OF THE COMPANY'S SHAREHOLDERS.  AS THE AMERICAN ECONOMY FACES ONGOING HEADWINDS, STRONG CORPORATE-GOVERNANCE HAS TAKEN ON A RENEWED IMPORTANCE.  SHAREHOLDERS--NOW MORE THAN EVER--MUST BE ABLE TO TRUST THAT CORPORATE-LEADERS ACT IN THEIR BEST INTEREST.  BASED ON WHAT WE FOUND IN THE REPORT, THAT IS NOT THE CASE WITH ALAN ARMSTRONG, AT 'WILLIAMS COMPANIES':  WE FOUND THAT HE WORKED BEHIND THE SCENES--AND AGAINST MORE THAN 70-PERCENT OF THE COMPANY'S SHAREHOLDERS--TO SCUTTLE A MERGER THAT WOULD HAVE PAID SIGNIFICANT PREMIUM FOR THE COMPANY'S STOCK."

(CLOSE):
THE LAWSUIT IS ONGOING--AND TRIAL-DATES ARE EXPECTED LATER THIS SUMMER.  FOR MORE INFORMATION ON THE REPORT, VISIT "MARKET-INSTITUTE"-DOT-ORG.



Copyright 2020 North American Network, Inc.

Listings and resources:

Programming Resources

About RadioSpace

Audio Tips

Search

Free NewsDirect Subscription


Webmaster E-Mail