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July 17, 2007

Interesting: George Soros Is 10.8% Stockholder of JetBlue

Raising the question: Is this actually in the corporate/shareholder interests of JetBlue, or is it only in George Soros' partisan interests?

Big shareholders in a company have a fiduciary duty to it. They can't whipsaw a company into taking actions against its interests just because it's what they want. It's one thing for Soros to donate millions of his own personal wealth into hard-left causes and organizations; it's another thing for him to pressure a company he's a large stakeholder in to donate a large amount of money owned by all shareholders to his pet causes.

I find Roger Simon's suggestion that it's just a matter of time before JetBlue sponsors a Pajamas Media convention to be growing less plausible by the hour.

Malkin... weighs in with venom and photoshops.

posted by Ace at 05:55 PM

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It's one thing for Soros to donate millions of his own personal wealth into hard-left causes and organizations; it's another thing for him to pressure a company he's a large stakeholder in to donate a large amount of money owned by all* shareholders* to his pet causes. I find Roger Simon's suggestion that it's just a matter of time before JetBlue sponsors a Pajamas Media convention to be growing less plausible by the hour. Malkin... weighs in with venom and photoshops. posted by Ace at 05:55 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. Asking ..." Viggo Tarasov: "Hey, that tweezer thing can really pluck someone u ..." Eromero: "322 German police valiantly confiscating a Swiss A ..." Anna Puma: "BOLO Rowdy the kangaroo has jumped his fence an ..." fd: "You can't leave Islam. 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