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You conveniently ignored the 8% drop in AA stock. Doesn’t matter if that was due to dividend reduction or spooking investors, it’s still a big drop.



And Wal-mart shares rose by 8% in the year after they announced wage increases.

The broader issue is that shareholders have deluded themselves into thinking that they are the end-all-be-all of a company when in fact their contribution is limited.




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