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stock season 09

April 14th, 2009 at 04:58 am

Saving log - $0
Spending log - $17 breakfast + $8 lunch

Kicked around and did errands on my day off. Along with the errands I also caught up on the mail issues I had.

I had three stockholder proxies to vote on. Their new twists, to a one, were that while you could get paper voting, annual reports, 10-K's, etc, you had to go online to ask for them. Sort of like being green through the backdoor.

Of course when you get online, you can see all the documents you want, and vote, but my sinister side thinks that the online system is going to be much more useful to a company because to a shareholder, online is a pain the a$$. Anything to keep the shareholder voting down.

Because -

While three shareholder proxies is not a trend, its hard to ignore that every one of them had at least 2 items of interest.

1. From the company side: description and request - this is the current CEO compensation package. Vote For.

2. From the shareholder side: some way to limit the CEO compensation package.

I always vote for the shareholder limit on the CEO, and have for many years. In previous years, voting that by paper was a whole lot easier.

Fun little gossip - the 3M board of directors contains the current AIG president. It was a delight to vote against re-instating that board member. After all, hasn't he done enough already?

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