View Full Version : Should costly proposals be voted on by shareholders.



nhern202
03-24-2008, 11:49 AM
During the Volt Nation meeting Bob Lutz told us it was easier for companies like Toyota where

Jason M. Hendler
03-24-2008, 01:05 PM
I think the peanut gallery of armchair quarterbacks should put their money where their mouth is, and start their own car companies, if they are so smart about the auto industry. Tesla and Fisker started with only a few million, and gained funding as they demonstrated progress. Let those who think they can do better put their own skin at risk.

nhern202
03-24-2008, 02:07 PM
Jason,
Are you calling GM employees who have large amounts of GM Stock in their 401Ks the peanut gallery of armchair quarterbacks? Do you think people who buy GM stock are not

Jason M. Hendler
03-24-2008, 02:55 PM
[QUOTE=nhern202;939]Jason,
Are you calling GM employees who have large amounts of GM Stock in their 401Ks the peanut gallery of armchair quarterbacks? Do you think people who buy GM stock are not

nhern202
03-24-2008, 06:47 PM
I guess if Disney shareholders felt the same way, Michael Eisner would still be running things at Disney.
:)

Koz
03-24-2008, 07:11 PM
Jason is correct in that this is not a good way influence the company you own shares in. There is an elected board. You should exert influence in those elections. Those members and the management need to be allowed to make the business decisions. They are the ones with the best access to information to be able to make an informed decision. You can petition the board and even seek a consensus amoung your shareholders. Perhaps you can bring about the discussion in an annual shareholders meeting, but the board and management should be free to make the decisions they were elected and hired to make.