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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.


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posted by Ace at 05:55 PM

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