Monday, May 21, 2007 9:14:51 PM
Please allow me to respectfully make a couple of comments.
Collectively, stockholders need to understand that while top management does want the individual investors to have updates on the progress of the company and upon the important issues, ...the general operation of running a company takes the full-time attention of a CEO. If 10 separate phone calls from shareholders to the CEO or other key management officials were allowed in a day, and those shareholders were for the most part uninformed, or worse, ill-informed, what else would these poor men accomplish during that day (?) ...other than telling the story several times while trying to AVOID saying the things that have not been allowed for public distribution as yet??
Then after having sacrificed his time to cater to a shareholder, that shareholder may now feel more emboldened to call again and again. I feel that the CEOs, who allow their phone to ring with shareholders calling in, are probably the ones who had nothing really going on anyway and are only there to pump up the shareholders. And that’s not what I’m looking for in my investment portfolio. ( !! )
Shareholder meetings are "scheduled" events. It is incredibly arrogant for a person to invest a few hundred or a few thousand dollars into a corporation and then expect to have direct access to management and a voice in the daily operation. That's just not how successful corporations operate.
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