Tuesday, September 22, 2009

Some shareholders are different from others..


Very interesting news item. A family company uses the listed company to make money. Key employees get in on the act and do their own thing.
Virtually every listed company would have a satellite of family owned companies which take away the cream. The promoters build their personal wealth. Often, these companies are structured such that the promoters shareholding in these companies will be through near and dear rather than 'related' persons.
Some large groups have a separate corporate team of loyal employees handling this for them.
Surprising that this news item caught some newspaper space.!!

No comments: