tu salute. In any event, Some of the directors usually are major stockholders or controlled by large groups of stockholders. Ultimately they can’t hold on if they are not backed by a voting majority.
And of course, not every company is publicly owned. Or a family may retain control with a large percent even if they go public. No reason for the government to control what they make, either.
posted on 12/15/2011 9:13:27 AM PST
(Honey Badger Don't Care)
When a large company like that has three, possibly four members on the board (it was a while ago) that hold only 100 shares apiece, something is wrong. I remember talking with co-workers at the time (and we were labor, not management) that even excluding our jobs, each of us had more invested in the company's welfare than the board members.
...and as for that voting majority stuff, anyone who believes in the integrity of those votes is naive.
posted on 12/15/2011 4:40:53 PM PST
(Obama & Holder LLC - purveyor of fine arms to the most discerning drug lords. (202) 456-1414)
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