Shareholder meetings are not usually the occasion for utter candor - or for that matter, arch sarcasm - by chief executives.
Sentiment: NEGATIVE
Board meetings should not be for the benefit of the board. They should be for the benefit of the CEO and the senior team.
People who enjoy meetings should not be in charge of anything.
A lot of deals are done or not done because chief executives are not fully aligned to shareholders.
In the age of activism that is clearly not going away, it would seem that some form of engagement from directors with shareholders - rather than directors simply taking their cues from management - would go a long way toward helping boards work on behalf of all shareholders rather just the most vocal.
The reality is that companies are full of things that are left unspoken. And even when they are out in the open, the CEO is almost always the last to know.
What if lawmakers never spoke to their constituents? Oddly enough, that's exactly how corporate America operates. Shareholders vote for directors, but the directors rarely, if ever, communicate with them.
I don't understand why people whose entire lives or their corporate success depends on communication, and yet they are led on occasion by CEOs who cannot talk their way out of a paper bag and don't care to.
Companies, to date, have often used the excuse that they are only beholden to their shareholders, but we need shareholders to think of themselves as stakeholders in the well being of society as well.
I don't feel I'm at liberty to speak about the actions of any one CEO. That's not fair; given CEOs have duties to their shareholders.
We're all shareholders. These guys below me, they see the CEO taking it easy, it's their money.
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