Industry Courts the Hand That Feeds It

Stockholder Relations

Every top executive knows how important good employee relations are to the running of a business. But management has been slow to learn the importance of good relations with another big group in the company: the stockholders. Sometimes the lesson has been taught the hard way. The managements of such big companies as New York Central Railroad, Decca Records and American Woolen Co., which never went out of their way to woo stockholders, suddenly found themselves this year fighting for survival in bitter proxy wars. In some cases the awakening came...

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