NoTeaPartyPleez
Gold Member
- Dec 2, 2012
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And the Board of Directors are elected by the shareholders and if you have a 401k investment in your company then you are a shareholder. I just received the proxy form from my employer two weeks ago to vote on whether or not to reelect our Board.
Uh-huh, it's always clean, upstanding and honest:
Boards Don't Care If Directors Are Voted Out By Shareholders
"""Majority doesn't rule for shareholders -- at least when it comes to boards of directors.
Since 2008, more than 200 directors on the boards of US companies have failed to receive a majority of shareholder votes, but in nearly all cases the directors kept their jobs, according to Bloomberg Businessweek.
In many publicly-traded corporations, shareholder votes aren't binding. In some, a director only needs a single vote to keep his job."""
Read more: Boards Don t Care If Directors Are Voted Out By Shareholders - Business Insider
Don't work for one of those companies then. Problem solved.
OK, ignore the most salient fact about shareholder votes and publicly held corporations. All that sand your head is buried in....must be tough to breathe.