While I agree this is where the stockholders have to become more active.  I also think that the Good Ole boy network was smart enough to hold onto enough shares to prevent this from happening.

As I said before, the culture has changed from "Women and children first" to "I am taking my 20 Million and leaving".

The "globalization" of companies makes the board of directors even further removed from the share holders.

The answers are not simple, but I did think it was a great article.

-Craig

John Lee <[log in to unmask]> wrote:
This is where stockholders have to become more active. It's up to them
(the owners of the company) to keep management in line.

John Lee


At 03:22 PM 6/9/03 -0700, fred White wrote:
>On Monday, June 9, 2003, at 11:11 AM, John Lee wrote:
>
>> Well said, except that vastly different standards of living, tax laws,
>> types of government, etc. all prevent a pure global economy and
>> workforce.
>>
>> John Lee
>
>The good news is that global CEOs and such will be even less
>accountable than they are now (if that's possible). :-)
>
>FW
>


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