Interesting People mailing list archives
IP: Fwd: the Internet made it possible..
From: Dave Farber <farber () cis upenn edu>
Date: Wed, 25 Oct 2000 04:53:52 -0400
Date: Wed, 25 Oct 2000 00:06:07 -0700 To: dave () farber net From: "Suzanne M. Johnson" <sjohnson () cncdsl com> Subject: the Internet made it possible.. A dissident who rallied support on an Internet message board has filed SEC documents that could lead to the ouster of five directors of Luby's Cafeterias, a struggling food-services company. FOR MORE INFORMATION, see: http://interactive.wsj.com/articles/HeardOnTheNet.htm ................clip.................... Traditionally, proxy fights have been organized by big, institutional shareholders disgruntled with management. The time and money involved in reaching enough shareholders to vote against management usually ruled out such crusades. But the Internet is changing that, says James Heard, chief executive of Proxy Monitor, a New York firm that recommends how institutional shareholders should vote on corporate governance issues. "Increasingly the Internet is being used as a tool of communication among shareholders to pressure managements," he says. ...............clip.......
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- IP: Fwd: the Internet made it possible.. Dave Farber (Oct 25)