Re: Einhorn's Ulterior Motif
"He is bound to find a bunch of share holders which believe his version of reality and vote his way."
That's the way companies work. If other shareholders are stupid enough to not check what he's saying then they deserve all they get. Generally large shareholders are NOT stupid and can employ people to check.
I wasn't thinking specifically of this case when I discussed returning shareholder value but in general it's true with the caveat that the shareholders would have to vote for the dissolution/merger/takeover of the company.
I've no idea of the motives of Einhorn, I'm just taking exception to the idea that shareholders have to accept what THEIR board of directors says. It isn't so. Remember the directors work for the shareholders. If I own part of a company and the directors either make a mess or merely collect a cash pile that they might be using to grow the business it's MY investment that is affected ( and of course the workers)