Do shareholders have any power?

Courtesy Marketplace  Tue, 04/08/2008 - 13:28

Morgan Stanley wrote off $9.5 billion worth of subprime mortgages last quarter, so you might assume its executives would be in for a grilling at the annual shareholders meeting.

Nope. There was little or no outrage voiced. Michelle Leder of Footnoted.org discusses why that is.

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