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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: Enigma who wrote (58727)	9/22/2000 2:07:07 PM
From: Rarebird	Read Replies (4) of 116759

I think you babble just to hear yourself talk. You talk such nonsense and garbage that are so clearly divorced from the real world of investing that you live in a world of your own. Shareholders have taken control of the director nomination process through the use of an agency outside the company to nominate company directors. You wouldn't know about that though. I could put it in simpler terms for you: The first principle is that shareholders exercise the vote attached to their stock to elect the board of directors which has broad responsibility for directing the affairs of the corporation. That may seem pretty basic, but for this principle to work, directors must be independent of management. Otherwise they cannot effectively select and monitor senior management. There are publicly traded companies that operate this way. A company's stockholders, not its managers or directors, are its owners and true navigators. There have been plenty of cases where shareholders took management to court and blocked their actions. But you are to naive to be aware of that. The CEO and other corporate executives work under the authority of the board. That authority is what legitimatizes the actions of executives. It should also be somewhat humbling for CEOs, and most of us do benefit from a good-sized dose of humility except for you, of course. Here is an interesting article which I agree with in part: money.com As for shareholders in gold stocks, they have recently chosen to place many of them under new lows, including the XAU at new all time lows. Shareholders and shortsellers will run the gold mining industry into oblivion unless the producers act in the interests of their shareholders. It is happening right now in front of your very own eyes, but your to blind to see it.

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