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Ground taking over
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<blockquote data-quote="bacha29" data-source="post: 5661506" data-attributes="member: 58386"><p>Let's try this one more time. The company's articles of incorporation has a mandatory retirement age for top executives. When Smith reached that age he was granted a small extension to give him a little more time to work on the transition and to find a successor for the position of Chief Executive Officer.</p><p></p><p>Today, he is no longer CEO however he remains Executive Chairman Of The Board due to the fact that the shares he owns individually and the shares his holding company owns combined makes him the largest shareholder.</p><p></p><p>Now if you have a different version and it's based on facts....stand and deliver.</p></blockquote><p></p>
[QUOTE="bacha29, post: 5661506, member: 58386"] Let's try this one more time. The company's articles of incorporation has a mandatory retirement age for top executives. When Smith reached that age he was granted a small extension to give him a little more time to work on the transition and to find a successor for the position of Chief Executive Officer. Today, he is no longer CEO however he remains Executive Chairman Of The Board due to the fact that the shares he owns individually and the shares his holding company owns combined makes him the largest shareholder. Now if you have a different version and it's based on facts....stand and deliver. [/QUOTE]
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