Stuart Grey wrote:


The boards of directors acts for the share holders in any corporation.
They
always reflect whatever the actual owners think they want.


No they don't. Some businesses set up stock programs where the company
buys stock and the board of directors control it and vote the stock. Of
course, they vote themselves their own jobs.

Since many retirement funds and mutual funds vote their shares in
proportion to the votes of other shareholders, these shares owned and
kept by the company leverage a larger percentage.

And when was the last time a board member up for election wasn't someone
picked by the board itself? They make the rules as to who can get on the
ballot, and unless some outsider buys a whole lot of shares, it's pretty
much closed to their plundering.

That is really the key you know. Greedy owners beget greedy
management. If

I have to point out that it's the *majority*
shareholder(s) that count. Everyone else is
free to come to the meeting and make a small
speech, but it's whoever can produce the majority
vote that has the power. I've learned the
hard way that there's way more difference between
49% and 51% than 2% (: