Linked by Thom Holwerda on Fri 8th May 2009 22:10 UTC
Oracle and SUN Sun Microsystems shareholders have filed three separate class action lawsuits to block a $7.4 billion acquisition by Oracle, the company revealed in a 10-Q filing with the Securities and Exchange Commission. The lawsuits allege Sun's board didn't live up to its fiduciary responsibilities to shareholders when it accepted Oracle's acquisition offer, saying "the consideration offered in the proposed transaction is unfair and inadequate."
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Jon Dough
Member since:
2005-11-30

Of course, the union wins.


Any union is all about what's best for union management, and cares nothing about what might be best for the rank and file.

Reply Parent Score: 3

tylerdurden Member since:
2009-03-17

Yeah, let's blame unions for something which they have nothing to do with. These are a few shareholders, most IT workers are not unionized.

Yeah, Unions are to blame for everything... from global warming to the actions of a few shareholders. WTF?

Reply Parent Score: 2

bousozoku Member since:
2006-01-23

Yeah, let's blame unions for something which they have nothing to do with. These are a few shareholders, most IT workers are not unionized.

Yeah, Unions are to blame for everything... from global warming to the actions of a few shareholders.
WTF?


I think you're a bit confused about what was said.

The shareholders, like workers, have an investment in the company and are expecting something in return. The thought that they would cut off their nose to spite their face doesn't make sense. Unions often close down factories rather than accept a job that doesn't pay as well.

Getting something back is always better than getting nothing, isn't it?

Edited 2009-05-11 00:47 UTC

Reply Parent Score: 2