9/18 I'm a stock holder and I get the following question on the proxy
vote: "PROPOSAL FOR THE APPROVAL OF THE ADOPTION OF THE FISCAL
YEAR 2004 EXECUTIVE BONUS PLAN. Directors Recommend: FOR"
Except for the greedy ass execs, why would any stock holder in
their right mind vote for "FOR"?
\_ Everyone washing everyone else's back. Your vote doesn't matter
anyway.
\_ maybe you *haven't read* the thing and it's actually
decreasing their bonuses or something. and if not, the
answer is, invariably, some people are stupid! duh.
\_ The presumption is that by giving these bonuses the execs will
be better motivated to increase the value of your stock. Whether
or not it works is another question.
\_ The big shareholders (corporate or institutional) fear change
in leadership even more than slightly below average leadership. By
approving bonuses, they keep the current execs and avoid possible
randomness in stock price, speculation, lack of direction, etc.
\_ don't worry, the NASDAQ board is going to give themselves a
bonus for ousting Grasso
\_ what is FOR? |