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J. C. Penney Company, Inc. Message Board

  • nusaiba nusaiba Oct 5, 2013 6:20 AM Flag

    . He told CNBC that the rise of activist investors like Icahn is a reflection of what the stock market has become.“It used to be the thought was when you owned a share of stock you owned a part of the company

    From comments he made about Carl Icahn, it seems Cuban’s motivation to strengthen the company’s operations and sales extend beyond his desire to boost shareholder value. He told CNBC that the rise of activist investors like Icahn is a reflection of what the stock market has become.

    “It used to be the thought was when you owned a share of stock you owned a part of the company,” Cuban said. “We’re no longer owners.” Rather, investors just acquire stakes and then cash out. “It’s become a platform more for hacking than for company ownership,” he added

 
JCP
6.63+0.31(+4.91%)Dec 17 4:01 PMEST

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