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Post by sla55 on May 15, 2019 15:27:35 GMT -5
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Post by awesomo on May 15, 2019 15:32:00 GMT -5
Prop 2 for the raises was not even close unsurprisingly. The management team can do whatever they want with no accountability or transparency, that was made very clear yesterday.
shares voted for: 39,066,556 shares voted against: 18,802,298
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Post by mannmade on May 15, 2019 15:44:39 GMT -5
Still, I am suprised at the number of shares that voted no. Not insignificant!
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Post by blueice on May 15, 2019 15:46:48 GMT -5
Prop 2 for the raises was not even close unsurprisingly. The management team can do whatever they want with no accountability or transparency, that was made very clear yesterday. shares voted for: 39,066,556 shares voted against: 18,802,298 Actually that is a fairly significant vote bearing in mind it is made up of retail. If management continues on a self serving trajectory, an organized retail population is going to make themselves heard in the future (and work to block interests that don't serve customers or misappropriate investment $s).
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Post by ltta on May 15, 2019 15:49:35 GMT -5
Prop 2 for the raises was not even close unsurprisingly. The management team can do whatever they want with no accountability or transparency, that was made very clear yesterday. shares voted for: 39,066,556 shares voted against: 18,802,298 Last years vote:
Our stockholders approved, on an advisory basis, the compensation of our named executive officers, as disclosed in our definitive proxystatement for the Annual Meeting, filed with the Securities and Exchange Commission on March 29, 2018. The tabulation of votes on this matterwas as follows: shares voted for: 21,073,448; shares voted against: 3,882,466; shares abstaining: 519,562; and broker non-votes: 78,420,505
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Post by awesomo on May 15, 2019 15:50:31 GMT -5
Note that there were 105M non-voted shares (probably funds) that they could tap if needed. Retail investors will not win this fight.
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Post by Omega on May 15, 2019 16:31:34 GMT -5
Prop 2 for the raises was not even close unsurprisingly. The management team can do whatever they want with no accountability or transparency, that was made very clear yesterday. shares voted for: 39,066,556 shares voted against: 18,802,298 Last years vote:
Our stockholders approved, on an advisory basis, the compensation of our named executive officers, as disclosed in our definitive proxystatement for the Annual Meeting, filed with the Securities and Exchange Commission on March 29, 2018. The tabulation of votes on this matterwas as follows: shares voted for: 21,073,448; shares voted against: 3,882,466; shares abstaining: 519,562; and broker non-votes: 78,420,505
So from that Data (Ignoring abstains) 2018: For: 84% Against: 16% 2019: For: 68% Against: 32%
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Post by uvula on May 15, 2019 17:06:13 GMT -5
My takeaway message from this is that we proboards folks own almost 19 million shares!
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Post by markado on May 15, 2019 18:24:32 GMT -5
I did not believe that Prop 2 would be voted down, this go around. And, yes, mgmt had other held shares in their favor. But, the voice if dissent has to start somewhere, and that voice got louder from 2018 to 2019 - double the percent previously dissenting. It needs to continue to do so, to keep mgmt less than comfortable and on notice that their performance is monitored regularly and not all are pleased.
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bkdmd
Researcher
Posts: 79
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Post by bkdmd on May 15, 2019 19:04:00 GMT -5
Maybe management can get a job as elected politicians. They give themselves raises all of the time at the tax payers expense regardless of their results.
I had hope for MC. He is the poster child of what is wrong with the world today. No one is willing to take responsibility for the results they produce and everyone wants a trophy.
And the commercial for tv was beyond humiliatingly horrible. And on top of that they ask for a raise...... mind blowing.
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Post by hellodolly on May 16, 2019 5:09:24 GMT -5
Prop 2 for the raises was not even close unsurprisingly. The management team can do whatever they want with no accountability or transparency, that was made very clear yesterday. shares voted for: 39,066,556 shares voted against: 18,802,298 "Management doing what they want without accountability or transparency" has nothing to do with the outcome of the voting process. They two are not mutually inclusive. Apparently while in the corner of those who lost on the vote, there are over 39M who thought otherwise and that's how this all works. They get their raises, it's over regardless of how you think they should be remunerated. Shuffle off now.
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