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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: MDGO who wrote (5843)	4/25/2000 12:45:00 PM
From: Big Bucks	Read Replies (1) \| Respond to of 15615

Marv, "Manic-Depressives"???? Concerned shareholders have the right to express their frustration or not. It is my belief that not everyone has the same perspective of how a company operates on the "inside". Often it is the discussions generated that provides insight or raises questions that may not have been raised without being made aware of the experiences of others. I personally have benefited from listening/learning from the prior mistakes/experieces of by others and have not followed that same course of action based on their input. When a company goes public and solicits investors to provide money for growth and expansion they do so with a fiduciary resposibility to the shareholders who then become "owners" in that investment. Management then works for the benefit of the "owners". If management later disregards or surreptitiously wrests the control away from the investors they are not, IMO, working for the investors best interest, but their own self interests. I believe that a covenant exists between management and investors. The investors put up the money, hoping for a return for lending the company their money, and management (by corporate charter) are responsible for protecting and nurturing the assets placed in their care. This does not mean they can disregard their chartered responsibilities for their own benefit. Investors should be loathe to allow any management total control without the possibility of checks and balances in place. Giving management a blank check proxy, aside from splitting off Global Centers as a seperate entity, is paramount to saying to management "do what you want, I don't care". I for one care about how my investment is managed. JMO, sorry for the rant! BB