Does a 24% ownership stake give one a voice in anything?
Absolutely. With that amount of ownership they can demand seats on the board, at which point they can begin to influence things.
"I only wanted Uncle Vern standing by his new car (a Hudson) on a clear day. I got him and the car. I also got a bit of Aunt Mary's laundry, and Beau Jack, the dog, peeing on a fence, and a row of potted tuberous begonias on the porch and 78 trees and a million pebbles in the driveway and more. It's a generous medium, photography." -- Lee Friedlander
Does a 24% ownership stake give one a voice in anything? What does the other 76% think?
A 24% ownership in a company as large as Kodak certainly means a lot. A fair number of shares of EK are held by people that don't exercise their voting rights. Not only that, but when people that hold almost 1/4 of the shares in EK say something is wrong, it might start a ripple effect among other large shareholders
"Panic not my child, the Great Yellow Father has your hand"--Larry Dressler
i think that this action was taken by Kodak for the Dec. Qtr 2010 was Cleaning the balalnce sheet with non cash loss in 2010 item which i think will be followed by selling the Non strategic assets and businesses, so the sales in Cash will be profitable in 2011