In so doing, he turned down the chance to buy out his company's outside shareholders.

It does not appear that the board has come under pressure from outside shareholders.

"As a family, we can make our own decisions without having to go to any outside shareholders."

A system where an organisation is owned by its members without outside shareholders.

And there were no outside shareholders to question management's strategy.

Farmer Bros. has been public for more than 50 years, but some outside shareholders say it is still run like a family company.

Regular company employees with options will be treated like outside shareholders.

Some outside shareholders called the meeting's action void because they were given no chance to be heard.

He also invited in outside shareholders, who put up $10 million.

But if the executives are excluded, these rules do not apply, even though the cost to outside shareholders may be much greater.