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Technology Stocks : Compaq
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To: Lynn who wrote (96266)3/19/2002 10:40:54 AM
From: The Duke of URL©  Read Replies (2) of 97611
 
I shall vote AGAINST WW the next time he is up for reelection to the BOD. The way he has gone about his anti-merger

In california, the board members are selected by what is called cumulative voting. This may mean that the family trusts have a power to elect walter to the board, no matter how you vote.

I have not made the math calculation; but, basically if there are 10 seats on the board, someone controlling 10.1% can elcet one board member, no matter how anyone else votes.
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