Shareholder Power!

Today on bloomberg.com there is a nice article on investment funds' increasingly vocal voice in negotiating private/equity leveraged buy-outs (a topic I blogged on last week in the context of the Clear Channel deal).  The article states:

Disgruntled investors are ``saber-rattling to get the price up,'' said Steven Kaplan, a professor at the University of Chicago who studies buyouts. They're also wary of company managers who ally with private-equity firms in exchange for promises of bonuses and promotions following an LBO. Some shareholders consider it a conflict of interest.

I couldn't agree more.