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Alias Born | 03/15/2013 |
Friday, August 22, 2014 2:28:05 PM
I have been contacted before by OTHER companies asking me to be sure to vote, as they needed a proposal to be voted on. I have even gotten more than one reminder call from a company.
The buck stops with the CEO. Lightwave could have easily worked on this problem with probably less than 100 phone calls. I know of no shareholders who got calls and many were large shareholders. No call, why is that?
Once the Board of Directors gets finished "wiping the egg off their faces" then they can do a Special Called Meeting and submit the proposal again.
Here is the deal though; the company could get the same negative result if they do not get engaged and work the problem. They should have a list of shareholder calls to be made and start calling those shareholders soon after the proposals are mailed. The problem needs work not talk. IF the CEO is simply a delegator, lackadaisical or uninformed, then spend the money again to shore him up with "outside" help or get a new horse.
This problem is embarrassing as it shows the company management is lacking something. The Board of Directors needs to find out what is lacking and fix it.
It isn't the I that counts it is the WE.
Purplecritter2001
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