Tuesday, October 9, 2007

Corpirate America

I typo'ed that title but it seems appropo so I left it!

Looking for something to do? Strike a blow against the corporations. Just got a Cisco proxy material in the mail, perusing the Board of Directors to elect, I had recently decided to just vote no against all directors regardless, but then when I was looking at the list I thought that might dilute the impact of my no votes, so I did my due diligence.

Anything to do with Wal Mart ever, "No" vote. Stanford University, until they repudiate Rice, "No" vote. Bankers, "No" vote. Too many boards already, "No" vote (although none of Cisco's fell into that category. Michael Powell, "Noooooooo" hold on, can I vote twice?

Yes, that feckless, soulless, lever on Dad's soul, Michael Powell. They list the committees the members sit on, and guess what, Michael Powell doesn't sit on a committee. He just gets his $50,000 fee and $69,699 option award to do nothing, to show up at a couple of posh board meetings and agree with everybody else and pocket over a hundred grand.

So, my fellow ducklings, if you happen to own Cisco stock and get to vote your proxy, please vote no against Michael Powell. And should you happen to be at the shareholder meeting, ask them what it is that he did to earn that money.

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