Verizon Shareholders Annual Report
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Download the latest Annual Report or 10K report of Verizon Wireless. Using the list with larger shareholders if there are any and do the following:
(1) Describe the influence that you see institutional shareholders of the firm having on managerial action. Give examples of managerial action and explain the influence you detect.
Note that there may be discussions of institutional pressures if your firm has had particularly poor performance recently or if there has been any hostile shareholder action. These activities will be reported in other sections of the annual report, most likely in the letter to shareholders.
(2) Summarized information about large shareholders of selected firm (3)Explained influence of large shareholders on specific managerial actions.
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Solution Summary
The solution examines Verizon shareholders and annual reports. The influence that you see institutional shareholders of the firm having on managerial action is described.
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Verizon Wireless and Institutional Shareholders
During the world's worst and first truly global financial and economic crisis, the integrity of corporations, more specifically Corporate America, and management suffered. As the crisis exposed frauds, most of them perpetuated by management, in several of the biggest corporations in the world (Bear Stearns and Bank of America among others), with some of these frauds leading to the bankruptcy and collapse of some of these corporations, shareholders trust on the people who were given the task of safeguarding the assets of the organizations is diminishing. Regulators are scrambling to create, amend and enact laws ensuring that the probability of such fraud happening in the future is diminished or even eliminated.
Nevertheless, the responsibility of supervising the actions of management and thus Corporate America is ultimately that of the Board of Directors while the responsibility to ensure that the Board puts the welfare of the shareholders first is that of the shareholders themselves. Thus, shareholders who have significant control over how Board of Directors are elected, meaning these shareholders hold a significant percentage of the total outstanding common stock of the organization, have more responsibility than the average shareholder.
Shareholders with significant ownership in a company's voting stocks are, most of the times, institutional shareholders such as trust and non profit organizations including foundations and charitable institutions. These ...
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