Shareowners, the providers of capital, are on their way to becoming a new public enemy.

 We can’t pinpoint exactly when the backlash became serious, but it’s time for shareowner advocates, and indeed corporate managementโ€”we’ll explain why in a minuteโ€”to wake up to the dangers that lie ahead. First, let’s look at some examples of the โ€˜blame shareholders’ theme. Consider the following: