golferwalt .. From my post:
What you are suggesting is impractical. Management of any aspect of the day-to-day operations of ANY company by consensus of the shareholders would be a logistical nightmare leading to the almost certain failure of the company.
I believe that the creation and on going modification of effective compensation plans in a timely manner is one of the most essential aspects of day-to-day operations. It is a complex task requiring significant detailed analysis. Moreover, there are quite often times when time is of the essence and it would be counter productive to wait for an ASM vote. Finally, if the shareholders take control of this aspect of day-to-day operations they will surely push for control of other areas leading to the maximum damage management by committee can produce at a company.
From your post:
Who chooses the nominees; not you or me. Maybe a shareholders committee would be appropiate, not always management or BOD doing all the selection.
I feel strongly that those shareholders who are interested in reforms should focus 100% of their efforts in this area.
Regards,
Danny
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