[PRStoetzer]

Originally Posted by Lochgelly

Well...the real point here is that Officers of corporations are now in cahoots with the Board of Directors...there lacks the separateness needed. All Corporation laws utilized this as a means to prohibit exactly what is going on...to stop the Enrons of the world from taking advantage of citizens.

When these CEO's get outrageous pay for non-performance while the Boards of Directors get huge pay for essentially nothing...with stock options being manipulated and "golden parachutes" being approved...it is total BS.

If you got rid of proxy votes and did everything electronically the smaller investor could get together and make a difference. These large institutional investors have usurped the power and they are not doing their job in policing for their investors. The large pension funds have the right interests in mind...but they also have not objected when they should because then the have to pay legal fees to fight unscrupulous Board actions that benefit Officers only (and themselves)...

Therefore...by opening up the process...and eliminating proxy votes...and forcing companies to hold key annual meetings on weekends etc...when most people will be available...we can hold these companies feet to the fire and the stockholder can demand action.

I agree that the stockholders should have more of a voice than they do now.