Matches in SemOpenAlex for { <https://semopenalex.org/work/W2101908536> ?p ?o ?g. }
Showing items 1 to 79 of
79
with 100 items per page.
- W2101908536 abstract "In a series of articles, Henry Hu and I developed and defined the concept of empty voting. TELUS Corp. has separate classes of voting and nonvoting shares. It proposes to combine them, with a zero premium for voting shares. Mason Capital has taken a (long voting shares, short nonvoting shares) position, is thus long the value of TELUS voting rights, and is campaigning for a share-swap plan which assigns a reasonable value to those rights. TELUS has claimed that Mason is engaging in “empty voting”, and has persuaded a British Columbia court of this (TELUS is incorporated in BC). I discuss here some aspects of this dispute. For a vote which involves the value of voting rights: (i) Mason has an economic interest in this outcome, and thus is not an empty voter; (ii) many other TELUS shareholders are empty voters, because they have negative or near- zero economic interest in TELUS votes; (iii) TELUS management is conflicted, because they hold mostly nonvoting shares; (iv) voting rights are valuable, and the market premium accorded to TELUS voting shares is a reasonable estimate of their value; in contrast, zero is not a reasonable value; (v) by valuing voting rights at zero, the TELUS board is likely violating its fiduciary duty to treat both share classes fairly; and (vi) if the TELUS voting shareholders reject the zero-premium share-swap, it would likely be a further breach of fiduciary duty for TELUS not to propose a swap on terms which assign a reasonable value to votes." @default.
- W2101908536 created "2016-06-24" @default.
- W2101908536 creator A5074111473 @default.
- W2101908536 date "2012-01-01" @default.
- W2101908536 modified "2023-09-25" @default.
- W2101908536 title "Equity Decoupling and Empty Voting: The Telus Zero-Premium Share Swap" @default.
- W2101908536 doi "https://doi.org/10.2139/ssrn.2150345" @default.
- W2101908536 hasPublicationYear "2012" @default.
- W2101908536 type Work @default.
- W2101908536 sameAs 2101908536 @default.
- W2101908536 citedByCount "1" @default.
- W2101908536 countsByYear W21019085362015 @default.
- W2101908536 crossrefType "journal-article" @default.
- W2101908536 hasAuthorship W2101908536A5074111473 @default.
- W2101908536 hasConcept C10138342 @default.
- W2101908536 hasConcept C106159729 @default.
- W2101908536 hasConcept C117763746 @default.
- W2101908536 hasConcept C120757647 @default.
- W2101908536 hasConcept C144133560 @default.
- W2101908536 hasConcept C162324750 @default.
- W2101908536 hasConcept C167654663 @default.
- W2101908536 hasConcept C17744445 @default.
- W2101908536 hasConcept C190253527 @default.
- W2101908536 hasConcept C199539241 @default.
- W2101908536 hasConcept C199728807 @default.
- W2101908536 hasConcept C2776697845 @default.
- W2101908536 hasConcept C2779103253 @default.
- W2101908536 hasConcept C39389867 @default.
- W2101908536 hasConcept C520049643 @default.
- W2101908536 hasConcept C70095417 @default.
- W2101908536 hasConcept C70532380 @default.
- W2101908536 hasConcept C94625758 @default.
- W2101908536 hasConcept C99821215 @default.
- W2101908536 hasConceptScore W2101908536C10138342 @default.
- W2101908536 hasConceptScore W2101908536C106159729 @default.
- W2101908536 hasConceptScore W2101908536C117763746 @default.
- W2101908536 hasConceptScore W2101908536C120757647 @default.
- W2101908536 hasConceptScore W2101908536C144133560 @default.
- W2101908536 hasConceptScore W2101908536C162324750 @default.
- W2101908536 hasConceptScore W2101908536C167654663 @default.
- W2101908536 hasConceptScore W2101908536C17744445 @default.
- W2101908536 hasConceptScore W2101908536C190253527 @default.
- W2101908536 hasConceptScore W2101908536C199539241 @default.
- W2101908536 hasConceptScore W2101908536C199728807 @default.
- W2101908536 hasConceptScore W2101908536C2776697845 @default.
- W2101908536 hasConceptScore W2101908536C2779103253 @default.
- W2101908536 hasConceptScore W2101908536C39389867 @default.
- W2101908536 hasConceptScore W2101908536C520049643 @default.
- W2101908536 hasConceptScore W2101908536C70095417 @default.
- W2101908536 hasConceptScore W2101908536C70532380 @default.
- W2101908536 hasConceptScore W2101908536C94625758 @default.
- W2101908536 hasConceptScore W2101908536C99821215 @default.
- W2101908536 hasLocation W21019085361 @default.
- W2101908536 hasOpenAccess W2101908536 @default.
- W2101908536 hasPrimaryLocation W21019085361 @default.
- W2101908536 hasRelatedWork W1479886623 @default.
- W2101908536 hasRelatedWork W1514448332 @default.
- W2101908536 hasRelatedWork W2000537354 @default.
- W2101908536 hasRelatedWork W2066747375 @default.
- W2101908536 hasRelatedWork W2093087465 @default.
- W2101908536 hasRelatedWork W2117626355 @default.
- W2101908536 hasRelatedWork W2156854891 @default.
- W2101908536 hasRelatedWork W2187926689 @default.
- W2101908536 hasRelatedWork W2273409049 @default.
- W2101908536 hasRelatedWork W2292662965 @default.
- W2101908536 hasRelatedWork W2372980795 @default.
- W2101908536 hasRelatedWork W2402096431 @default.
- W2101908536 hasRelatedWork W2616587507 @default.
- W2101908536 hasRelatedWork W2732097143 @default.
- W2101908536 hasRelatedWork W2750527577 @default.
- W2101908536 hasRelatedWork W2786031109 @default.
- W2101908536 hasRelatedWork W2943557452 @default.
- W2101908536 hasRelatedWork W3106066292 @default.
- W2101908536 hasRelatedWork W3121542560 @default.
- W2101908536 hasRelatedWork W3125006384 @default.
- W2101908536 isParatext "false" @default.
- W2101908536 isRetracted "false" @default.
- W2101908536 magId "2101908536" @default.
- W2101908536 workType "article" @default.