aheadindustry
aheadindustry is a blog about dumbness in global business. It contains massively speculative and baseless backward looking statements.
aheadindustry is a blog about dumbness in global business. It contains massively speculative and baseless backward looking statements.
The auto makers have been taking so much shit lately from media and government, that I began to think they might be slowly rotating in their reclining chairs to face the right direction. Silly me, in the car makers executive suite, logic doesn’t apply. Exhibit A, the proxy ballot I got from Ford (F) today. (full disclosure: I bought 10 shares at $1.49 a pop, when it seemed like the world was going to end earlier this year.) In CAPS is the proposal to be voted on at the annual shareholders meeting and in [brackets] is the reccomendation from the board of directors.
RELATING TO CONSIDERATION OF A RECAPITALIZATION PLAN TO PROVIDE THAT ALL OF THE OUTSTANDING STOCK HAVE ONE VOTE PER SHARE. [Against]
RELATING TO PROVIDING SHAREHOLDERS THE OPPORTUNITY TO CAST AN ADVISORY VOTE TO RATIFY THE COMPENSATION OF NAMED EXECUTIVES. [Against]
RELATING TO THE COMPANY ADOPTING COMPREHENSIVE HEALTH CARE REFORM PRINCIPLES. [Against]
RELATING TO LIMITING EXECUTIVE COMPENSATION UNTIL THE COMPANY ACHIEVES TWO CONSECUTIVE YEARS OF PROFITABILITY. [Against]
