On 10 Mar 2005 at 9:45, Daniel Wolf wrote: > Noel Stoutenburg wrote: > > > to which I would suggest a better option would be for the group of > > power users to buy shares, and make a point of this at the > > shareholder's meeting. > > A point made at a shareholder's meeting by minority shareholders is > usually ignored. Been there, done that: the response from the > majority shareholders is usually, you don't like the corporate policy, > then sell your shares, we think the present policy will earn more > money and selling your handful of shares will have no impact on share > price. A point made by commercial clients to the shareholders > concerning a faulty product is much more likely to have an effect on > corporate policy as it implies a direct result on the corporate sales > results.
It's also a ridiculous risk, as you end up investing in a company in order to get them to change a policy that you consider to be bad for their customers. Since you already believe it's a bad long-term policy, you surely must think it's a bad investment, so you'd be risking a lot of money. Keep in mind that the traditional definition of the constituencies of a corporate entity are the customers, the employees and the shareholders. Limiting your action to the shareholder side of things ignores the power of what *should* be the most powerful constituency of the three, the customers. An organized campaign by a group of professional engravers who use Finale and are vocal in the Finale community should carry much more weight than a handful of shareholders, unless those shareholders are rich enough to buy a large percentage of the company (10% or more). -- David W. Fenton http://www.bway.net/~dfenton David Fenton Associates http://www.bway.net/~dfassoc _______________________________________________ Finale mailing list [email protected] http://lists.shsu.edu/mailman/listinfo/finale
