Tue 2008-03-25 00:00 EDT
How ghosts vote on Bear Stearns - International Herald Tribune
How ghosts vote on Bear Stearns, by Steven M. Davidioff - International Herald Tribune; "A class of stakeholders in Bear Stearns with economic interests that differ from the shareholders' can use derivatives to ensure that their needs are met. In the process, shareholders are left holding the nearly empty bag, and regulators are left shaking their heads."