On Wed, 12 Apr 2006 11:20:03 -0400, DSK said:


When CEOs pocket hundreds of millions for directly violating
a vote of the shareholders


Dave wrote:
What ever are you talking about here?

I can give you an excellent example- HP buying Compaq, a
move which threw tens of million$ down a rat-hole and helped
neither company. Voted down by HP stockholders, of which I
was one at the time.

There are other examples, but that the biggest and most
publicly known.



... A shareholder vote
against the board's proposal is a very unusual event.

That's true, but it's not unusual enough. For another
example, every single mutual fund in which we own shares has
amended their charter to loan money overseas. If I wanted to
be in that business, one presumes I would have invested in
it instead of a specific mutual fund which was supposed to
concentrate it's investments elsewhere.

The raw fact is that you can make more money with a gun than
by selling a good product, and in it's current incarnation
"market capitalism" is a race to the bottom. Corporate
"leadership" that pushes toward legalized robbery as a means
of boosting profit, while pocketing all that profit & more,
is not productive.

In short, you're on a really wobbly plank here Dave. Of
course you are ideologically on the side of the corporate
thieves, but do you ever wonder how "conservatism" got you
there?

Regards
Doug King