That deal was crucial for Mr Lee to secure his grip on Samsung Electronics, and has drawn criticism that it benefited the founding family unfairly at the expense of minority shareholders.
"We would have needed to boost our capital base anyway because our shareholders' equity ratio is low," Mr Tsunakawa said.
The US economist argued in his 2004 book of that name that societies were often sustained by handy fictions, such as the idea that companies were run for the benefit of shareholders rather than managers.
Prof Holmström's work showed it was much better for shareholders to reward managers based on the relative performance of their company compared with others.
It is waiting for the US tax rate to fall before it repatriates this money to shareholders, but this could be a long time.
It is easy to make strategic errors under pressure from consumers, shareholders and regulators, or steadily to lose touch with what made a company great.
Mr Kim, who with the backing of big shareholders such as the US and China is widely expected to be reappointed within weeks, has staked his presidency on a controversial reorganisation of the bank.
35bn ($803m) for the first six months of 2016, said for the first time it was in dialogue with shareholders in the hope of resolving China's first big hostile takeover.
5bn and wanted to convert it into sterling to distribute it to shareholders.
It has been a difficult week for the company, which also faces US shareholders' displeasure at a proposed buyout of its online video portal by its founder Robin Li.
2 billion yuan to shareholders as cash dividends in 2015, a decrease of 8.
But Oracle's shareholders could have been $9bn better off.
VW presents a special case for shareholders to try more aggressive tactics because it has a weak supervisory board — the body that is supposed to hold management to account — and a habit of ignoring minority investors.
Obsessed by top-line growth, shareholders seem happy to acquiesce in these practices.
And the company said Tuesday that it would pass along more of that money to its shareholders.
While established companies in public markets are returning money to shareholders on a massive scale, venture capitalists in private markets are still investing in the future.
Shareholders in US-based IHS will own 57 per cent of the combined company, while investors in London-headquartered Markit will hold the reminder.
For shareholders, that would mean dilution.
"The board cautions Baidu's shareholders and others considering trading in its securities that the board recently received the nonbinding proposal and no decisions have been made with respect to Baidu's response to the proposal," Baidu said in a news release.
Meanwhile, major shareholders of listed companies sold shares worth about 7.
