Here's my letter to MissLaura on her diary, 'Economic Inequality'
I have ATT stock, as many people do. I just got the proxy statement for this up coming Board meeting. There are three important Proposals that if many of the individual stockholders voted, could change the way the CEO of ATT will get his bonus - he and his cohorts in the same industry must prove their performance. Can you imagine!
My son wrote a proposal for last year's stockholders' meeting, as another person did, on investigating and prosecuting anyone at ATT who allowed the wiretapped without warrants. The problem is most people do not read these statements, do not vote, and the CEOs and Presidents who have large voting blocks can get just about anything they want.... even if it means destroying their own company.
I apologize for such a short diary, but I have been worried about this. I have talked to my stockbroker on how to alert those who can vote. I have left messages and notes to people who would be heavily impacted by this... It is always the little person who desperately needs the job but is afraid to speak up for fear of - well, loosing it. Yet, I have seen this played out time and time again, when the little person doesn't speak up that is when they are the most vulnerable.
And just in case the image does not show here it is in Image Shack...
http://img440.imageshack.us/...
If you would like to read the rest (more juicy things to vote on to get those fat dogs some exercise), send me a request and I will send the other proposals to you. The ATT Dogs want their stockholders to vote against these over-blown executive compensation packages.... gee... I wonder why?
(In order to read the pages, there are 7, the best scan is around 700+ kb - sorry).
If you have stock and received this statement and threw it away - which I do most of the time - you can call in your votes.
Here is your chance to change things!