According to Tapestry Networks, at a conference a member of Nestlé’s executive board, David Frick, “talked about a programme to invite its largest shareholders to meet with the chairman . . . He said shareholders had either declined or simply didn’t turn up to the meetings.” Photograph: EPA/Keystone/Fabrice Coffrini

What if lawmakers never spoke to their constituents? Oddly enough, that’s exactly how corporate America operates. Shareholders vote for directors, (...)

Botox is one of Allergan’s products. Photograph: Bloomberg

On Wall Street, financial engineering masquerades as vision. When it works, you get to be called the Oracle of somewhere or other. If it works for onl(...)

Shares of Botox maker Allergan jumped 15% after unorthodox takeover by Canadian company Valeant was announced. Photograph: Jonathan Alcorn/Bloomberg

The pharmaceutical industry is regaining its swagger, as companies turn to big and sometimes daring deals to expand and reshape their operation(...)