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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (25392)	10/16/1998 2:09:00 PM
From: Tarzan	Read Replies (1) \| Respond to of 70976

What is your read on AMAT here?

To: MrGreenJeans who wrote (25392)	10/16/1998 5:58:00 PM
From: Ian@SI	Read Replies (1) \| Respond to of 70976

**Ot Read the minutes of the last FOMC meeting and you will see precisely how much authority is granted for inter-meeting action. Any board will acquiesce to the strongly stated request of its chairman. The other option is for either the board or the chairman to resign. Never ending conflicts just aren't tolerated at board level. I believe " this board is at his whim"* is a substantial misstatement of the working of the Fed or the capabilities of AG. I doubt that AG does anything "on a whim" whether part of his personal or business life. No board is democratic. That just isn't how business is run. 1 man 1 vote just doesn't cut it in running a for profit company. FWIW, Ian.