As a result a new modification of partnerships
is induced-the right to sale of
corporate shares without approval of any
other stockholders. Any shareholder can
remove his wealth from control by those
with whom he has differences of opinion.
Rather than try to control the decisions
of the management, which is harder to do
with many stockholders than with only a
few, unrestricted salability provides a
more acceptable escape to each stockholder
from continued policies with which
he disagrees.