In Panama about 20 or 30 families run everything. (None of them is named Fifer.) MJK has said many times, quite correctly, that a huge amount of shares are owned locally by Panamanians through various corporate structures. He has also said, also quite correctly, that these holdings seldom represent a particularly significant portion of the holder's net worth.
Be that as it may, perhaps there is a limit to the egregious mismanagement that the local investors are willing to tolerate. Everyone around here understands that you give cush jobs to your family and your in-laws (as Fifer has) and that's fine. There's a (not so fine) line that should not be crossed. Typically it's not all that easy to cross it. But maybe Fifer has.
Set aside the talk of lawyers and costs and so on. If the powerful local investors want Fifer gone then he'll be out on his ear before he know what's happened and there will not be a thing he can do about it. The good news is he'll have plenty of time to concentrate on his charitable endeavors.
