Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Big Dog who wrote (52754)	10/10/1999 7:47:00 PM
From: marc chatman	Read Replies (1) of 95453

Are you sure Mr. 42% can vote his shares for a provision in his own pecuniary interest? I'm pretty sure he can't under most state corporate laws (but it's been a long time since law school). Having said that, these things virtually always get approved. I don't think I've ever met a CEO (or anyone, for that matter) whose primary goal was to make other people rich (i.e., his shareholders). And the investment bankers probably spend 90% of their time figuring out how to create the best deal for the CEO's, which makes sense when you consider that it's not too difficult for a CEO to find another investment banker.

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