Vote NO on item 5 at annual meeting

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Anonymous

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The board is trying to change the structure of board of directors by having the members voted on annually. They claim it will make the board member more accountable to the shareholders.
???
How? They are so disconnected that this will not matter.

This is what does matter. The board can turn over more quickly and change direction (ie merge or sell much easier). The board members receive $145000 deferred stock annually that they will cash when their term expires. A quickly changing board can decide to sell/merge/destroy this company and cash out rather nicely.
 




Sell the company.

It's done it's mission according to Eli Lilly principles.

For the past 10 years, Eli (or Ruth) would be rolling in their graves.

One possible salvation: Go back to Eli's roots: Medical marijuana.
 








Anonymous said:
The board is trying to change the structure of board of directors by having the members voted on annually. They claim it will make the board member more accountable to the shareholders.
???
How? They are so disconnected that this will not matter.

This is what does matter. The board can turn over more quickly and change direction (ie merge or sell much easier). The board members receive $145000 deferred stock annually that they will cash when their term expires. A quickly changing board can decide to sell/merge/destroy this company and cash out rather nicely.
Click to expand...

Isn't it that the Board of Directors members get $2000 per hour of presence in the meeting? This is above and beyond 3 year retainer at $145K/y? Has any bard memb ever called it sick?
 












VOTE YES ON ITEM 5

Let the vermin, mindless board know that year-to-year their performance/value will be evaluated, and KICK THEM OUT EVERY YEAR until we get a BOD that is actually COMPETENT and INDEPENDENT. This won't happen unless you vote YES on ITEM 5
 












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