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Monday, May 26, 2003 7:48:58 PM
Gamco's response to me that he posted might lead folks to think that I stated that I distrusted management. Just to be clear, here is the substantive section of my PM to him.
"People tend to expect others to act as they would in the same situation. Your comment shows that you are an honorable person. I am a bit more greedy, so I don't quite have confidence that management will put outside shareholders interests even with their own. Like many, they will see shareholders that by and large have "gotten a great return for our work". This will lead to disproportionate allocations to them. I trust management to do their best work for the company and to be honest and ethical. My trust is tempered when anyone gets to choose how to divvy up the profits between me and them. Can't imagine I'm going to come up on the winning end of that deal."
I've been away for a week and came back to 2,000 new posts. I gotta say I recommend it to those, who like me, get too caught up in all the day to day stuff. This board has been a great resource and will be again after the ASM is over and the repetitive campaign posts disappear.
The poster formerly known as fmilt.
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