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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (58727)	9/22/2000 2:07:07 PM
From: Rarebird	Read Replies (4) \| Respond to 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.

To: Enigma who wrote (58727)	9/22/2000 4:01:16 PM
From: long-gone	Respond to of 116759

You know in a great many ways he right, the mining companies have not done us well. Even the best of them has treated their shareholders in a very shoddy manner. A great many smaller(2nd & 3rd tier) producers would do better by the shareholders with a sell-out or shut down of more costly mines.

To: Enigma who wrote (58727)	9/23/2000 10:00:15 AM
From: re3	Respond to of 116759

i agree with the majority of this post. i know of one company that went under.i looked at the shareholder bankruptcy documents, and in this particular case, the ceo received a performance bonus of 50 % of his annual salary (lord knows what significant targets he could have met if the company went under). then you start to look at all the salary data and wonder what some of these clowns 'do all day'. now in this particular case the top brass had stock options too. i do not believe in this case that there really was even any hope of the company doing well enough for these guys to exercise the options, but this sort of exercise can make the shareholders feel like the top brass has an 'incentive' to work real hard for them. the net result in this particular case was that they guy ran back south with over a million bucks for his time and trouble. i think his 'vested interest' was himself. i also spoke to an IR guy very familiar with small companies on the exchanges. his term for some of the management was that they 'go through the company with a hoover sucking up assets'. and, unfortunately, shareholders don't want to sell stocks that they are down on, so desperately want to believe that THEIR company will be turned around by the hard working guys on the podium at the meetings.