>If my count is correct, that is not enough votes to remove or replace anyone unless he has other NO votes to help him. Thoughts Soly or Lanman1?

I think the Co-operating Shareholders do have a sway over whom they put on the board. After all they own 32% of the company. Some of you may remember Kirk Kerkorian who wanted changes in General Motors, although he fell short of the controlling 10%.

“Kerkorian once owned 9.9 percent of General Motors. According to press accounts from June 30, 2006, Kerkorian suggested that Renault acquire a 20 percent stake in GM to rescue GM from itself. A letter from Tracinda to Rick Wagoner was released to the public, to pressure GM's executive hierarchy, but talks failed”