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Wednesday, May 07, 2003 10:58:17 AM
Votes on this proposal will not primarily be made on a well informed basis, but rather on the emotional basis of attitudes towards Management. Those who are suspicious of and dislike management, who may regard them as untrustworthy and overpaid, will probably use the proxy vote to voice their negativity towards management and those who think management is doing a good job and have confidence in their ability to manage and guide the company's resources to maximize shareholder value will probably vote to support management's request. In neither case, in my opinion, can anyone be certain that they "know" they are acting prudently by the way they vote on the issue.
In short, it seems unwise to me for anyone to attach or invest enormous emotion in debating this issue. And for that reason I am very thankful to you DannyDetail for the calm, cool, and clarifying perspective you bring to an often overheated discussion. Thanks ....
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