They sure don't come from the average shareholder in Dubuque who holds 106 shares of whatever stock. They derive either from the corporate executives, from other directors, or from the large, institutional shareholders--let's call ALL of those sources 'insiders'. The guy in Dubuque with 106 shares is decidedly NOT an insider, and he doesn't really own much, either, except a certain set of rights. But when the going gets tough and his little company goes in the tank, he'll find that what he 'owns' isn't much in comparison with what, gee, shall I say it?, the bondholders own.
2007-11-02
03:22:28
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