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Bondholders Teach Shareholders Who’s Boss

Corporate America wake-up call on borrowing to fund stock buybacks: Once-acquiescent bondholders are balking at increasing leverage to reward equity owners.

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Amid the fallout of the General Electric Co. (GE) debacle, a delicate but crucial social contract between shareholders, bondholders, and corporate America is being quietly redrawn.

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Faced with stringent regulations, new competitors, and emerging technologies permeating the marketplace, the financial sector is evolving at a fast and furious rate, with no letup in sight. In fact, change is the only constant in the days and years ahead for the financial services sector.

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Faced with stringent regulations, new competitors, and emerging technologies permeating the marketplace, the financial sector is evolving at a fast and furious rate, with no letup in sight. In fact, change is the only constant in the days and years ahead for the financial services sector.

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