Markets

Hertz shares are likely going to $0, Morgan Stanley says

Morgan Stanley on Monday lowered its base case for Hertz to $US0 from $US2, citing risks of de-listing or a potential liquidity shortfall. The firm’s base case is now equal to its bear case. Morgan Stanley also lowered its bull case for Hertz to $US3 from $US8. The updated price […]
Hertz shares are likely going to $0, Morgan Stanley says
Tech

Zoom sued by shareholder accusing it of covering up its security flaws

Zoom is said to be facing a lawsuit by a shareholder accusing the company of hiding security flaws in its app. Bloomberg reports that the shareholder Michael Drieu filed a class-action lawsuit Tuesday in a San Francisco federal court, claiming revelations about Zoom’s deficiencies affected its stock price. The videoconferencing […]
Zoom sued by shareholder accusing it of covering up its security flaws
US

Shareholders care about way more than maximizing profits

University of Chicago Booth School of Business professor Luigi Zingales discusses the debate surrounding corporate profit maximization. He talks about a research paper he authored, which makes the point that profit maximization is important to shareholders, but it’s not the only thing they care about. Put simply: shareholder welfare is […]
Shareholders care about way more than maximizing profits