02.12.2011 06.Kislev. 5772
Is the cash burn in the best interests of IDB group shareholders?
The economic concentration committee's recommendations on publicly-traded subsidiaries of other companies should be scrapped, orated David Hodak this week. Hodak had been hired by the IDB group to write a position paper on the concentration committee's interim recommendations. He is also legal counsel to Maariv Holdings, which is owned by the IDB group.
The complex functions Hodak fulfills for Dankner demonstrate why limiting the voting power of controlling owners over "wedge companies" – public subsidiaries of public companies – should remain on the public agenda….