We get the shareholders we deserve. How much time do CEOs spend during ordinary times finding a better class of longer-term shareholders? Goldman Sachs’ Lloyd Blankfein understands the importance of 
building the right shareholders better than most, so he made sure in the crisis period that Buffett was on the roster. Other CEOs should be regularly visiting with and canvassing smart shareholders about holding their stock for longer periods with lock ups and benefits. In the theater business they call it papering the houzse, having a few friends in the right seats. It can bring on a round of applause just when the company needs it most.
Don’t Like the Cards? Shuffle the Shareholder Deck
How much time do CEOs spend during ordinary times finding a better class of longer-term shareholders?
December 21, 2009 by Jeff Cunningham