Purple guys/gals - care to explain this vote? Why did they think it'd benefit Fedex share holders? Is it good or bad that it failed? Tx.

FedEx Holders Vote Against Separate CEO-Chairman (Sept. 30)
FedEx shareholders Monday struck down a proposal that would have separated the role of chairman and CEO. The roles are both currently held by Fred Smith. Shareholders had pushed the proposal as they argued for more board independence amid issues including the ongoing fight over its independent contractor model. The measure also failed to pass at the package delivery company's 2007 annual meeting.
Another proposal that would have allowed shareholders more control over executive compensation also failed.