Steve - "...the BOD will be shamed or voted out as a result..."
How can you even make such a statement? There is absolutely no
way to get rid of the board of directors. The company would have
to go bankrupt before they could or would be removed. The deck is
stacked--pure and simple. There is no way to even nominate a new
board member and get their name on the ballot.
The following is from the last 10-Q filing with the SEC.
----------------------------------------------------------
The following tables set forth the outcome of the matters voted
upon at the meeting and the number of votes cast for, against
or withheld.
Votes Votes
Proposal 1 For Withheld
------------------------------------------------
Election of Directors
Eric E. Schmidt 305,236,289 4,840,691
John A. Young 302,773,827 7,303,153
Elaine R. Bond 262,576,579 47,500,401
Hans-Werner Hector 262,801,106 47,275,874
Jack L. Messman 260,610,914 49,466,066
Larry W. Sonsini 257,957,034 52,119,946
------------------------------------------------
Where are the votes to remove any board member? The votes just
aren't there.
Any representation that the board of directors can be removed
is absolute nonsense. You, of all people, should know better.
Regards,
Elmo |
