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An observation from Flyertalk - Says it all

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Old 11-30-2010 | 08:03 AM
  #11  
HOSED BY PBS AGAIN
 
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Originally Posted by Tony Nelson
In reality, aren't they the the only ones that matter? Did you put up a fight to stop the merger?
No, actually the shareholders are the ones who matter, but you're right, Smisek and the BOD were dying for this to happen and the hell with what the employees wanted. I highly doubt that my meager input would have had much impact.
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Old 11-30-2010 | 11:13 AM
  #12  
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Fore!
 
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Originally Posted by ewrbasedpilot
No, actually the shareholders are the ones who matter, but you're right, Smisek and the BOD were dying for this to happen and the hell with what the employees wanted. I highly doubt that my meager input would have had much impact.
Yes, the shareholders do have a vote, but the mega-shareholders drive the fight. I'm sure each BOD had already done the math to make sure it would be approved. I voted no for my shares to no effect.
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