Originally Posted by
Flytolive
You might want to realize that the text book version of how a corporate BOD is supposed to work and how it actually does are two completely different things. I recommend John Bogle's book, Battle for the Soul of Capitalism, as a start. In it he explains how mutual funds control over 60% of shares of public companies and how they completely fail in their fiduciary responsibility to the shareholders. Who do you think submits the slate of directors at the annual shareholder meeting that is rubber stamped by the institutional investors? Management does. So in essence the CEOs hire their own BOD. Why do you think almost all public corporations incorporate in Delaware?
Such naivety would be charming if it wasn't so dangerous to our futures. Thankfully, the leaders of the APA and their counsel are under no such delusions.
Really? So WHERE do you think that MONEY that the company puts in your 401K (eg. fidelity) for you to invest yourself? You put it in mutual funds or shares of stock of PUBLIC companies so you can MAXIMIZE your retirement gain? It's so hypocritical of employees who complain about the soul of capitalism for others yet they want THEIR nest egg to be the biggest?
I know why they incorporate in Delaware.
Where do YOU put your money in your 401-K?
BTW naive is what you are describing for you in your post.