alphac2005
Well-Known Member
That's how you must look at it.
There's no way you'd ever get enough votes to oust him or any BoD members. ... But there comes a point when you don't have to as Michael found out in 2004. When you have a large minority of shareholders that aren't happy with you, then the reality is you don't wind up getting to stick around.
That isn't happening here. But it isn't a sign of faith in management, regardless.
It should be noted, too, that CalSTRS and CalPERS are known for their activism in this arena, so that goes either way in the sense that it's just them making noise again and the flip that they're at the forefront of a movement against XYZ. This is clearly the former.