Dear Group, I find this discourse on the election process fascinating and brings to mind a situation with "mutual savings and loans" and their troubles. Once I asked a group in the know on such perpetual managements how these mutuals continued with the same low caliber managers, decade after decade. A guy at the table quipped----"you have to tackled the guy carrying in the proxy votes from the lockbox." Of course the poor management caught up with that industry when they were wrongly given bank powers beyond their collective comprehensions. They were no longer savings banks in the mold of the "Bailey Building and Loan" of "It's a Wonderful Life" fame. Fond du Lac and Ripon made the map for the biggest of the S&L failures.
Do these BFW board members receive any kind of pay for meeting time? Usually these schemes at self perpetualization have some type of reward? It is common for all type of managements to arrange for their own "oversight" by people of their choosing. Sadlly, these sorts of fun and games permeate both "government" and private enterprise. Eric Westhagen _______________________________________________ Bikies mailing list [email protected] http://www.danenet.org/mailman/listinfo/bikies
