Proxy Voting

[mystkev]

I am actually ashamed to say that as an investor I slack off. When I owned individual stocks I never paid much attention to shareholder reports and always threw away my proxy materials. I no longer have investments in individual stocks since I lack the focus.

Do you utilize your rights as an investor by proxy voting?

[que90nek]

i admit that i normally don't vote, but when they were about to vote in a black woman onto the board....she was runnin against all these white dudes...I VOTED! actually i knew the woman's son....

i don't normally deal in individual stocks because i don't have the time to research and do...mutual funds, 401ks, ira's are my ticket.

[mystkev]

I asked this question, b/c I was reading Black Enterprise (Feb 02’) & it discussed the importance of proxy voting. The article mentioned former Mattel CEO Jill Barad who rcvd $50 million when she was ousted due to poor performance. Which of course brought down the value of the stock. If enough investors had voted she probably would not have gotten so much and the stock may not have been effected as much. The article does not mention how much of an effect the buyout had, but still $50 million is a lot to give someone who is being released b/c of poor performance.

[que90nek]

well...
they have to compensate those guys on the way out the door...

otherwise they open themselves up for suit and it is also hush money .... in the overall scheme of things...what's 50million compared to 5 billion....

we can't understand because when we are fired...we are given a pink slip...period.

[mystkev]

Originally posted by que90nek+
well...
they have to compensate those guys on the way out the door...

otherwise they open themselves up for suit and it is also hush money .... in the overall scheme of things...what's 50million compared to 5 billion....

we can't understand because when we are fired...we are given a pink slip...period. Yeah, but 50 million seems excessive to me.