Next year's election is uncontested. Shareholders get even more aggressive in their efforts to oust the BoD. The brokers are now instructed to vote against. The outcome says the Majority wants Johnson out but the remaining directors may have the right to appoint someone to replace him. So they replace him with another in house attorney from Rosewell Partners. Imagine that

What if none of the current BoD receive a majority vote, wouldn't that leave three places to be filled at their discretion, to remain in place until the next ASM?

Imagine the appointees being Leckrone Snr., Leckrone Jr., and E. Swartz - the joys of majority voting?

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Be well