"This is the Chernobyl of corporate governance," says Bernard Oppetit at Centaurus, a hedge fund in London. Like many investors in Arcelor, the biggest European steelmaker, Mr Oppetit is upset about the shabby treatment of shareholders by Arcelor bosses, as they attempt to fend off a hostile bid for their company by India's Mittal Steel. He and others are not prepared to continue to suffer in silence. They are rallying to force Arcelor bosses to give them more of a say in the decision over the company's future.
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