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JimLur

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JimLur

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Re: Danny Detail post# 103800

Thursday, 04/28/2005 8:27:37 AM

Thursday, April 28, 2005 8:27:37 AM

Post# of 432922
Danny and F-6, Thanks to both of you for providing comments on the proposal.

This bolded comment by Danny makes a lot of sense. Personally I don't think a one year term is a good idea. There isn't a city or state in the whole USA that would elect a mayor,a governor or a judge and expect to see improvements in one year.

"What can a Director do in one year to demonstrate that he or she should be re-elected? Every one of them will be campaigning for re-election the day after the ASM every year. How much time can he or she afford to put into long range plans for the company when the shareholders constantly have their fingers on the "what have you done for me lately" trigger. What about management? How would you like to face the prospect of getting an entirely new set of bosses each year?

"Being 'over the hill is much better than being under it!"

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