Stork: Laughing Stork

Stork’s shareholders have sent a powerful message to the Dutch conglomerate’s management. They have backed by a thumping majority a motion sponsored by two hedge funds, Centaurus and Paulson, to break the company up. Almost 90% of those voting backed it. That would appear to leave Stork with no hiding place. The company has to date hidden behind Dutch law, under which it is not obliged necessarily to abide by a shareholder vote. But while that’s technically correct, it clearly goes against Holl...