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To: Charles Tutt who wrote (94052)12/8/2001 4:20:51 PM
From: The Duke of URLĀ©  Read Replies (2) | Respond to of 97611
 
Absolutely positively not. The interests of the foundation can be diametrically opposed to the interests of the stockholders in general.

Let me illustrate:

If the foundation feels it will get better treatment, by having a say in dividend declaration, or a louder voice, that means more to them to the exclusion of the share value increase.

The Foundation obviously is not concerned about appreciation in stock price, if the dividend is adequate for their needs, since they are not planning on selling anytime this century.

The foundation has made a valient effort to avoid a suit against it, under the theory of Remillard v, Remillard Brick, for the very reason that it could be alledged that they do have a huge conflict and some fiduciary obligation to other shareholders.

Kaypeesh??? :)))