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Third Point Capital's Dan Loeb Talks About Sony; Olympus Rising
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The Economics of Shareholder Proposal Rules

As I explain below, the Economic Analysis does not provide an acceptable basis for SEC rulemaking in this area. The Economic Analysis fails to adequately analyze the costs and benefits of the proposed rule, as well as its effects on efficiency, competition and capital formation; overlooks significant effects and issues; and does not use evidence that is available or could be obtained...

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