He Loves Watching German Executives Squirm

Germany is beginning to grasp the notion that shareholders have rights, thanks largely to Ekkehard Wenger, a maverick professor of banking and finance at the University of Wurzburg. Wenger attended his first annual meeting out of curiosity in 1987 and has been haranguing managers for neglecting shareholders ever since. "It angers me to see how much of shareholders' money is wasted," he declares. "It forces me to react."

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