1.  At the time, many analysts were skeptical of the deal, saying that employees might hold enough sway to put their interests ahead of those of outside shareholders.

2.  A policy of lifetime employment has undoubtedly kept Japanese companies horribly fat, while the weakness of outside shareholders has allowed some firms to remain hopelessly unfocused.

3.  But if the executives are excluded, these rules do not apply, even though the cost to outside shareholders may be much greater.

4.  Option repricings, as they are called, are simply a gift to management and workers that outside shareholders do not receive.

5.  Ownership puts their interests in line with those of outside shareholders and should create incentives to help the company succeed, the thinking goes.

6.  Some experts on corporate practice question whether some things would be different if outside shareholders had more sway.

7.  Swiss family companies have faced increased pressure from outside shareholders to perform more profitably or be taken over.

8.  The goal of such guidelines was to create the perception that executives were in the same boat as outside shareholders.

9.  The result left many lenders and outside shareholders feeling aggrieved.

10.  Theft and currency flight are rampant at businesses, and outside shareholders often threaten to halt such activities.