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FedEx Discussions
Teamsters push for independent FedEx board chair
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<blockquote data-quote="SmithBarney" data-source="post: 1023729" data-attributes="member: 709"><p>To me this line says it all... </p><p></p><p>"About 36 percent of all FedEx investors backed the proposal for governance reform last year, up from roughly 26 percent when it was first proposed in 2007, "</p><p></p><p>If the investors aren't happy they will vote you out. The problem is the next line that says 42% of the stock is owned by Fred Smiths Family. So it will be hard to get a majority vote to oust him.</p><p></p><p>Unfortunately you can only cut so much from the front lines, and support, before eventually you have to start cutting the top.</p><p></p><p>You can lose a finger or two, maybe an arm, but as soon as the arms and legs are gone, all you have is a fat body, and it's pretty useless.</p></blockquote><p></p>
[QUOTE="SmithBarney, post: 1023729, member: 709"] To me this line says it all... "About 36 percent of all FedEx investors backed the proposal for governance reform last year, up from roughly 26 percent when it was first proposed in 2007, " If the investors aren't happy they will vote you out. The problem is the next line that says 42% of the stock is owned by Fred Smiths Family. So it will be hard to get a majority vote to oust him. Unfortunately you can only cut so much from the front lines, and support, before eventually you have to start cutting the top. You can lose a finger or two, maybe an arm, but as soon as the arms and legs are gone, all you have is a fat body, and it's pretty useless. [/QUOTE]
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