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Is this a viable alternative to a union?
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<blockquote data-quote="bacha29" data-source="post: 1813166" data-attributes="member: 58386"><p>Mr. Fred <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite7" alt=":P" title="Stick Out Tongue :P" loading="lazy" data-shortname=":P" />erhaps this may tell you more. Company bylaws reguires a board member to leave at age 72, Fred S is 71. So what do they do? Simply raise the retirement age to 75. Keep in mind Fred S personally holds only 6.3 % of the stock The rest and the bulk of his stock is owned by his holding company.What you might have agreater chance of seeing in the future is a proxy war in an effort to get Smith off the board. Bill Ackman of Pershing Capital the hedge fund did a little saber rattling a couple of years ago driven by his outright contempt for the Ground/ Express disconnect.</p></blockquote><p></p>
[QUOTE="bacha29, post: 1813166, member: 58386"] Mr. Fred :Perhaps this may tell you more. Company bylaws reguires a board member to leave at age 72, Fred S is 71. So what do they do? Simply raise the retirement age to 75. Keep in mind Fred S personally holds only 6.3 % of the stock The rest and the bulk of his stock is owned by his holding company.What you might have agreater chance of seeing in the future is a proxy war in an effort to get Smith off the board. Bill Ackman of Pershing Capital the hedge fund did a little saber rattling a couple of years ago driven by his outright contempt for the Ground/ Express disconnect. [/QUOTE]
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