Indeed, some investors have criticized Mr. Forstmann for that inactivity.

Some investors had criticized the initial offer as too low and threatened to sue the company.

Many investors, including foreigners, criticize Gazprom, but they buy in anyway.

While this strategy has won respect from clients, investors have long criticized Morgan as being lax in controlling expenses.

Some investors have called for the resignation of Sir Philip and criticized the company's structure.

Analysts and investors have criticized the board as unwilling to challenge Mr. Eisner.

Foreign investors have criticized the law as excessively restrictive, but investor interest has not faded.

And in 1991 8,300 workers left to take advantage of an early-retirement program that some investors criticized as too generous.

Even before Enron's collapse, institutional investors were criticizing companies that hired their auditors to do consulting work.

Suddenly, investors were taking their money out and criticizing Mr. Kilberg for not taking on more risk.